Additional InformationScope And Methodology
Scope of Report
This Packaged Facts report analyzes the demographic characteristics, buying power, and consumer behavior of 25- to 34-year-olds in the United States. The demographic analysis in this report segments the young adult market by gender, race and ethnicity, and the age groups of 25- to 29-year-olds and 30- to 34-year-olds. The analysis of buying power of young adults provides growth projections for young adult men and women as well as for the population as a whole.
This report is based upon information collected directly from marketing firms and media specializing in the young adult market, a comprehensive review of print media and Web sites geared toward young adults, and a thorough analysis of relevant trade and professional journals.
U.S. Government data sources include the Bureau of Labor Statistics of the U.S. Department of Labor, the National Center for Education Statistics, and the U.S. Census Bureau. The overall population count for the 25- to 34-year-old age group is based upon the results of Census 2000. Estimates of the size of the various segments within the young adult population as well as income and employment data are based upon the March 2000 Current Population Survey, which is the latest available source for data in these detailed categories.
Young Adults Buying Power Tops $1 Trillion -- Demographic Continues to Grow
New York, July 6/PRNewswire -- Young adults between the ages of 25 and 34 in the United States had an aggregate buying power of over $1 trillion in 2000, with a projected growth to over $1.2 trillion by the end of 2001. According to The Young Adult Market: Generation X Grows Up, a new report published by Packaged Facts and released by MarketResearch.com, the leading provider of global market intelligence products and services, this growth will occur despite a leveling off in population growth for the demographic.
The new report highlights the buying habits of young adults, as well as the influence they have on the spending habits of others. The Young Adult Market: Generation X Grows Up finds that food and beverage products account for an overwhelming percentage of the expenditures of the forty million 25 to 34 year olds in the United States. Cars and trucks, apparel and footwear, and entertainment industries also showed substantial income from this population.
Although the 25 to 34 year old market has benefited from recent economic growth, and has enjoyed higher average salaries and a lower unemployment rates than in years past, affluence has continued to have a skewed distribution. For example, said Richard Koulbanis, VP of Publishing for MarketResearch.com, young adult women are more likely to have obtained a degree of higher education than their male counterparts, but the mean income of men in this age bracket is still 35 percent higher than that of women.
The Young Adult Market: Generation X Grows Up provides profiles of various successful marketing campaigns targeted at young adults, as well as information about trends, such as Internet usage and educational attainment, that are changing the demographic. Young adults are driving the hi-tech world, forming families, and becoming an increasingly positive force in the economy, said Mr. Koulbanis. Understanding this demographic may be the most important challenge todays companies face.
About MarketResearch.com MarketResearch.com is the leading provider of global marketing intelligence products and services. With over 40,000 research publications from more than 350 top consulting and advisory firms, we offer instant online access to the worlds most extensive database of expert insights on global industries, companies, products and trends. Updated daily. For more information, call Alison Williams at 212.807.2649 or visit www.MarketResearch.com.
How can you capture the attention of a group with a $1.1 trillion buying power?
The US Young Adult Market, the latest report from Packaged Facts and released by MarketResearch.com, is an in-depth market report analyzing the consumer behavior of the 37 million young adults between the ages of 25-34. These members of Generation X, a formally pessimistic and cautious group of consumers, have been transformed into a positive economic force with an enormous buying power that thousands of companies are trying to harness.
The US Young Adult Market covers many of the key issues and trends for this important demographic, such as:
Representing over 600 hours of research, analysis and execution, The US Young Adult Market is compiled from both primary and secondary data and covers topics such as:
This report concludes with a series of case studies of companies active in the young adult market, including: Ford Motor Company, Toyota, Nabisco and many more. A profile of the consumer behavior of 25- to 34-year-olds, including their shopping behavior and expenditure patterns is covered, as well as an in-depth analysis of their online shopping and buying patterns. An assessment of the marketing and advertising strategies used in the young adult market, as well as a review of the media targeting young adults -- including television, radio, print, and Internet -- are included in The US Young Adult Market.
Reports from MarketResearch.com help you assess market size and dynamics, industry trends and competitor strategies, giving you the information you need to understand the changes that directly impact business performance, organizational issues and strategies. Visit our site at www.MarketResearch.com today to purchase any report as a complete study, or buy discrete segments using the options below:
Tables and Graphs:
More Generation X reports by Packaged Facts
Cosmeceuticals in the U.S, 6th Edition by Packaged Facts
In the New [ab]Normal of economic sluggishness, cosmeceutical marketers have an opportunity to shine across multiple generations, including Boomers, Gen X-ers, and increasingly, Gen Y-ers. ...
Beverage Trends: Culinary Trend Mapping Report by Packaged Facts
The beverage market has always been large and competitive. But a scene that 15 years ago was dominated by soda, juice, milk, coffee and tea ...
The Hispanic (Latino) Market in the U.S.A.: Generational View, 7th Edition by Packaged Facts
As their buying power nears $1 trillion, the 46 million Hispanics now living in the United States wield a powerful influence on the American consumer ...
Generational Market Research Bundle: Baby Boomers, Gen X and Gen Y by Packaged FactsSee all reports like this >>
For years Packaged Facts has examined a wide range of consumer industries and produced several market research studies useful to companies interested in the demographics ...
More United States Generation X reports
Consumers and the Economic Outlook - US - February 2015 by Mintel International Group Ltd.
Consumers and the Economic Outlook - US - February 2015 “Consumers are optimistic about their financial situation but still skeptical of ...
Lifestage Marketing in Financial Services - US - January 2013 by Mintel International Group Ltd.
There is always a difference among generations in how they think, communicate, and perceive the world. While the recession has forced the generations ...
Generation X: Americans Born 1965 to 1976, 7th ed. by New Strategist Publications, Inc.
The new seventh edition of Generation X: Americans Born 1965 to 1976 tells the story of the small but vital generation spanning the ages of ...
Marketing to Multicultural Young Adults - US - May 2012 by Mintel International Group Ltd.See all reports like this >>
This report examines the dynamic, multicultural young adult population, offering insights into their priorities, interests, hobbies and activities. Given that this generation is at the ...
More United States reports
U.S. & European Stenting and Dilation Market by iData Research, Inc.
U.S. & European Stenting and Dilation MarketU.S. & European Stenting and Dilation market report includes units sold, market value, forecasts, as well as ...
The 2013-2018 Outlook for Collagen and (hyaluronic Acid) HA-Based Biomaterials in the United States by Icon Group International, Inc.
The 2013-2018 Outlook for Collagen and (hyaluronic Acid) HA-Based Biomaterials in the United StatesThis econometric study covers the latent demand outlook for collagen and (hyaluronic ...
The 2013-2018 Outlook for Relish in the United States by Icon Group International, Inc.See all reports like this >>
This econometric study covers the latent demand outlook for relish across the states and cities of the United States. Latent demand (in millions of U.S. ...
Generation X Reports