Gronbach is a demographer, futurist and author who writes about how countries’ age curves interact to create the opportunities and challenges of the world we live in today and what the future will bring for people, profits and the planet.Gronbach spoke about his research and work on Mon., Oct. 19, during the conference.
His presentation, “Simple Math: The Open Secret of the Demographic World,” answered the question, Why is demography important? As waves of generations are born and age, our fortunes and futures are re-determined, said Gronbach. He gave on overview on how America's Baby Boomers, Generation X, Generation Y and other countries' age curves interact to create the opportunities and challenges of the world today. He also talked about what the future will bring for people, profits and the planet.
Information he shared included statistics on various age groups. “There's no middle class? Actually, there's no middle age!” There are much fewer people in that age class, said Gronbach. “There's a gap in demographics from 31 to 50 years old.”
He also emphasized the importance demographics play on knowing your customer base. Generation Y, or those born in between 1985-2004, is bigger than the Boomers, who total about 86 million, said Gronbach.
“They will build small sustainable homes,” he said. “Generation X rejected the technical ‘blue collar’ jobs, so Generation Y is picking those up as Boomers retire.”
He advised companies to take advantage of the Boomers’ knowledge base, while they still can. “Don't let Boomers retire along with all their knowledge!” said Gronbach. “Encourage them to pass it on to younger employees.”
Gronbach also predicted that an estimated 25 million housing units will be needed soon as the largest U.S. generation ever begins to marry, have kids and need housing.
* About the speaker *
Kenneth W. Gronbach is a keynote speaker and nationally recognized author, expert and futurist in the field of demography and generational marketing. He makes the science of shifting demography come alive with real life examples, which make it relevant to today’s culture, business climate and economy. With nearly three decades experience in retail advertising and marketing, Gronbach saw the direct results of shifting demographics in his clients’ profits. Eventually, his passion for the subject changed the direction of his career, to the benefit of readers of his books and attendees of his keynotes and other presentations.
* About AAMA *
More information about AAMA and its activities can be found via the AAMA Media Relations page or on the AAMA website, http://www.aamanet.org.
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