Reassessing Millennials at the Ypulse Mashup

An announcement from Ypulse President Dan Coates:

Last month Ypulse celebrated our ninth birthday. For the past nine years, we've been thinking about, talking about, writing about and researching members of the Millennial generation or, as we used to say much more often than we do nowadays, Gen Y. As we look back, it's gratifying to see how what was once a niche topic that required a great deal of effort in order to attract attention has since become central to the marketing plans of so many marketers and communicators.

During the course of the nine-year dialogue, Millennials themselves have changed. They've "aged up," with the midpoint of the generation now 20 years of age. They've faced the greatest economic downturn since the Great Depression. They've watched their parents struggle to support them and their families. A conversation that was once adolescent and teen-centric has developed a number of new facets as Millennials catapult toward adulthood: politics, education, economy, career and, most recently, parenthood. These emerging frontiers of the Millennial experience are new, exciting and challenging. While we feel that we've developed a pretty solid understanding of the fundamental values of the largest generation in American history, it's both energizing and rewarding to see how our understanding is pressure tested daily as Millennials evolve. 

While Jake Katz has already written about our plans to name the generation that will follow the Millennials, we're really excited to follow that conversation with one that will shed new light on Millennials themselves. At our Ypulse Mashup: Millennials Reassessed event on June 27th, we'll reveal the details of a massive psychographic segmentation that we've undertaken that will break up this monolithic generation into smaller…

 
 

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Millennial News Feed

Quote of the Day: “I am planning to give an iPhone 6s as a gift for this Valentine’s Day.”

—Male, 31, NY

Almost 2/3 of Millennials block ads online, according to one report, and MediaPost recently spoke to young media consumers to find out why. One 19-year-old wishes for digital ads “that [are] barely noticeable,” and suggests to marketers to “stop any ads that hinder the speed and ease of your browsing.” Another 25-year-old tries to support web sites whose livelihood depends on ad revenue by being “more cognizant of which sites are showing me ads to be obtrusive versus showing me ads to support a valuable, but free, service.” (MediaPost)

2016 started strong for Millennials. The Bureau of Labor Statistics reports that in January, the unemployment rate fell to an eight-year low (4.9%), and it was the second best job growth month ever for 25-34-year-olds, with 429,000 jobs added for this group between December 2015 and January 2016. That’s the highest employment growth since January 2000, when the tech bubble was at its peak and 1.166 million jobs were added. This is a positive sign for the generation, who has been severely impacted by the financial crisis.
(Business Insider

Love is in the air and Millennials are pulling out their wallets. A recent study on finance and relationships revealed that 18-34-year-olds are planning to spend an average $290 on Valentine’s Day activities—almost $100 more than older respondents. Millennial men are planning to spend the most, an average of $371. Ypulse’s Valentine’s Day survey found that the 71% of males 13-33-years-old are buying gifts for significant others/spouses, and mom is second on their list. (NerdWallet

Playboy has put some clothes on to attract Millennials. The brand’s makeover includes more tasteful photos and short-form articles, changes meant to improve sales after years of losing “cultural cachet.” Though the internet, and the wide availability of nudity it offers, certainly hurt Playboy’s bottom line, it also may have inspired their demure new approach. A 2014 redesign to make their website “more PG-13” led to a 258% increase in traffic, and lowered readers’ average age from 47 to 30. With most web traffic stemming from Facebook, Twitter, and Instagram, it also makes sense to “play by those networks’ rules”—which means no nudity allowed. (New York Post

Taco Bell’s $5 million secret is out after their big reveal duringthis Sunday’s Super Bowl introduced the world to the quesalupa, “a crunchy quesadilla folded and filled with taco ingredients.” Sound like something you’d want to order? If the answer’s no, it might be because they didn’t make it for you—they’re targeting the next generation. According to the head of the brand’s Insights Lab: “We study gen Z not just because we want to target them, but because we want to get ahead in culture and we want to predict what's going to happen. And also because youth is what our brand DNA is about." (Eater

Quote of the Day: “The issue I am most passionate about is LGBTQ, because in the words of Dr. Seuss ‘A person is a person, no matter how small.’” –Female, 18, KY

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