Look Who's Listening
Lynn Russo Whylly
Over the past five years, marketers of products and services have been trying in earnest to reach the younger demographic, especially the $175 billion teen market. Whole marketing campaigns, for example, have been built around social networking sites like MySpace and Facebook to attract young consumers.
It's a smart strategy, to be sure, but when it comes to sheer spending power, experts say there is only one demographic marketers should bend over backwards for — baby boomers. Encompassing 78 million Americans between the ages of 43 and 64, the boomer generation controls more than...