Ypulse Essentials: Foursquare Passes 20 Million Users, Music Festivals & Millennials, Characterizing Gen Y

Check out the rest of today's essentials on kids' spending power, teens texting and driving, how HBO's "Girls" accurately portrays Gen Y, and more...

Foursquare Day badgeHappy 4sqDay! (April 16, four-squared — get it? And today, Foursquare announced that its reached 20 million users and 2 billion check-ins! The site has grown rapidly, especially among Millennials who are constantly on their phones and seek to inform their friends of their whereabouts. In fact, according to our recent Ypulse research, 21% of collegians and 13% of high schoolers use the site to check in. And today only, users will get a special 4sqDay badge when they check in honor of the occassion!) (USA Today)

Coachella is a right of passage for Gen Y and a cultural experience (which says a lot about Millennials’ group-oriented attitude. There isn’t as much of a barrier between artist and fans today, and as Swedish House Mafia took the stage this weekend, an electronic dance music revolution was in full force. It’s also a good venue for marketers to reach Millennials and test out brand advertising strategies. Speaking of Coachella, check out pictures from the show and fashion at the festival, which has become almost as important as the music) (The Lefsetz Letter) (CNN) (Flavorwire) (Refinery 29)

While Millennials can generally be categorized as optimistic, tech-savvy, and team-oriented (such attitudes don’t accurately describe all Millennials as Boston Consulting Group points out. Instead, they tend to fall in six groups including Hip-ennials, Millennial Moms, Anti-Millennials, Gadget Gurus, Clean and Green Millennials, and Old School Millennials, with Hip-ennials — mostly females who are careful spenders and constantly seek information — making up the largest group) (MediaPost)

It’s no secret that kids have tremendous purchasing power in their families (with three out of five parents involving their children in car-buying decisions. This creates an even bigger need for…

 
 
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Millennial News Feed

Quote of the Day: “I thought that this past Cyber Monday, ThinkGeek had the best deals.” –Male, 26, IN
The true impact of mobile devices on young minds has not been fully determined, and public belief seems to be split on the influence of technology on kids and family. A new global survey found that, 53% agree that “digital technology and the internet are ruining childhood." However, the degree to which individuals believe this varies significantly by country: while 70% of respondents in India agreed, 75% of those in Japan disagreed with the same statement. At the same time, 52% around the world felt that growing up without access to tech puts children at a disadvantage. (PRNewser)
In Ypulse’s 2015 Prediction Roundup, we told you smart tech was poised to take over our worlds, and according to several creative industry leaders, this could be one of the biggest challenges to brands this year. A round up of expert opinions on what will impact marketing in 2015 also includes the importance of merging digital and experiential marketing that “has the ability to be documented socially,” a continued obsession with celebrities and micro-celebs, and virtual reality (see Vice’s VR Millions March below). The need for brands to be more honest, empathetic, and to take a social stance is a major theme as well. (Fast Company)
Vice News, a Millennial dominated channel, is continuing their untraditional coverage style by introducing virtual reality to their audience. Vice demonstrated what the future of reporting might look like with their virtual reality coverage of the New York Millions March this past December. With Vice’s correspondent Alice Speri navigating the experience for the viewer, the use of a 360-degree camera system immerses viewers right in the action of the event. The Vice VR Millions March report is available to view through the app VRSE, and supports Google Cardboard, a cheap and easy way to watch VR. VR is still fairly new on the scene, but is a ripe opportunity for innovative and compelling storytelling. (TechCrunch)
Young consumers are leading a travel revolution, and it can be difficult for established brands to compete with the comfort, convenience, and authenticity an affordable home-rental Airbnb provides. In an attempt to win back Millennial guests, Marriot is launching Moxy, a microhotel chain that is redefining budget hotels by emphasizing self-service, style, and social. The hotels boast in-house bars, free Wi-Fi, fresh coffee, and rooms designed with Millennials in mind: simple, small, cheaper, and inspired by boutique aesthetics. Outside of the Moxy chain, Marriot is experimenting with other Millennial-friendly features, including TVs that allow guests to stream from their own Netflix, Hulu, and Pandora accounts. (The Washington Post)
“Millennials are projected to become the largest segment of the luxury consumer market by 2018-2020,” so understanding how they view luxury is increasingly important. As Ypulse explored in 2014, Millennials are redefining the luxury market to fit their needs. Luxury now can mean rarity, convenience, or an uncommon event, all separate from that age-old notion of pretense. This generation is more interested in showing off who they are than how much they make, the brand on the labels matter less than the story behind the product, and they’re focusing on purity, authenticity, and sustainability. At the same time, these young spenders are “showing a preference for discovering luxuries in a manner that is far more casual, experimental, and fun.” (Campaign)
Every other week we tap into our panel of 150,000+ Millennials in a survey of 1,000 13-32-year-olds for their take on current events, trending topics, changing attitudes, and new norms. The question library in the My Library tab on Ypulse.com allows Silver and Gold subscribers to see what we’ve asked and how we’ve asked it for every survey we've done, giving them a better understanding of how we talk to Millennials and an accessible data bank of all of the Millennial statistics available to them. (Ypulse)

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