Showing posts with label Gen Y. Show all posts
Showing posts with label Gen Y. Show all posts

Tuesday, February 3, 2009

Put Away Childish Things


Yes, I am jumping on the Obama bandwagon. For it was he who revived this instruction from St. Paul and told us all to well, grow up.


One thing anyone who has been shopping with a child knows is that the urge to consume - and difficulty controlling that urge - is indeed very strong in children. I want it! I want it!


And you could interpret Obama's instruction as analogous to a parent telling his or her kid to shut up because 'we already have lots of treats at home' and 'it's almost dinner time'.


Unlimited choice and personal freedom, immediate gratification of needs are the driving themes of consumerism. And it was the baby boomers - the generation who swore never to get old - whose values have been so aligned to that ideology. Boomers celebrated childishness as no other generation had before. From the right to wear jeans to the day you die to Microsoft terminology (I am the only one who thinks "My Computer" and "My Pictures" sounds a little Fisher Price?).


I do not believe it is a coincidence that Obama is seen as the first Gen X president (although he is officially a boomer). I cannot help seeing him as Alex P. Keaton from Family Ties or Saffron from Absolutely Fabulous - Gen X kids trying to teach responsibility to their Boomer parents.


Too late now. Gen X is a small cohort and is now left holding the bag until the Millenials arrive. One study I read recently shows that people growing up in recessionary times tend to be more frugal in their later years. Very interesting to see how the values of this Millenial generation will evolve.

Tuesday, November 25, 2008

The End of Consumerism Part II


In August I posted on the End of consumerism.

How everyone laughed. Well, no one actually laughed. But no one actually read it either.

Environics Social Values data has shown the following in Canada. In 1995 51% of Canadians agreed with the statement "To spend, to buy myself something new is one of my greatest pleasures in life". That has steadily dropped to 37% in 2008.

The recession brings worries but it also seems to bring a real sense that justice is coming and that consumption and choice have become execessive.

The key is how Gen Y behave. The baby boomers have embraced consumerism as one aspect of the choice and freedom they cherished. They no longer need it. Gen Y appear to be less focused on progress through choice of products but on experience.