Sounding Off On Parenthood, the Echo Boomers Have Arrived

Just when marketers were getting used to the fact that Gen-Xers have eclipsed Baby Boomers as the key parental demo, along comes another group to consider. Enter the Echo Boomers, aka GenY or the Millennials.

According to current stats from the U.S. Census Bureau, there are 57 million Gen-Xers and 51 million Echo Boomers, ranging in age from 16 to 28, in the U.S. Adult Echoes are still growing in number, as demographers have yet to set a cut off year for the demo. Certainly, the Echo Boom is not a new species to marketers - in fact its generational characteristics have been put under the marketing microscope over the past decade. However, few have taken the step of examining the next (and, in some cases, current) life stage for these young adults - parenthood.

So what does that seminal step in adulthood look like for this group? Chapel Hill, North Carolina-based research firm Yankelovich and Strottman International, Irvine, California's youth-focused custom premium agency, have pooled their respective quantitative and qualitative research in a preliminary effort to find out.

To that end, in November and December 2007, Strottman conducted four in-home discussion groups using its proprietary Circle of Friends focus group methodology. The groups (totalling 22 moms) had a mix of Echo Boomer and Gen-Xers who knew each other as friends or acquaintances. Yankelovich, meanwhile, has compiled data sourced from its 2006 and 2007 Monitor studies among Echo Boomer and Xer parents** to complement the focus-group findings. In the pages that follow they note how Echoes differ from their predecessors, what they share and what marketers need to keep an eye out for in dealing with the newest parent demo.

One step beyond, Echo Boomers quest for self expression

In what is shaping up to be a major factor in Echoes' burgeoning parenting style is a desire for self-expression - they're parents who not only have a strong need to express themselves in what they do and buy, but also are likely encouraging their children to follow their lead. Echo Boomer parents tend to exhibit this desire in every facet of their behavior, taking their quest for individualism far beyond the Xer penchant for diversity.

Whether it's taking great pride in their new iPhone, or their child's performance in a poetry club, Echo Boomers strive to reveal their personalities to the world around them through their own appearance, and their child-rearing choices. So for many, it's about fitting in by standing out. Two-thirds of this parent group believe they have a "unique sense of style" (67% vs. 52% for Gen-X), and only 39% of Echo Boomer parents surveyed believe that "I follow the rules" is an apt self-description, while 57% of Xer parents agreed with the statement.

And when it comes to parenting style driven by self expression, many Echoes make their own rules and question the advice of parenting experts. In fact, these young moms tend to see themselves as the experts, with 45% of those surveyed by Yankelovich saying it is very/somewhat important to be seen as someone who gives smart advice, compared with only 30% of the polled Gen-Xers sharing that view. Forty-year-old Denise puts it this way: "I have less of a desire to express myself, and am much more comfortable and confident about just 'being.'"

Another key aspect of Echo Boomer parents' drive for authentic self-expression is that they crave access to both exclusive products and information - especially content and goods personalized just for them. Almost half of Echo Boomer parents (46% vs. 34% of Xers) agree they "like products that few people have and are not easy to get." Similarly, 34% of Echo Boomer parents consider "knowing things that few people know" to be a sign of success and accomplishment. Only 22% of Xer parents felt that way.

Not surprisingly, the Echo penchant for self expression is filtering down to their children. And some toy companies have started adapting their output to meet this demand. Plush manufacturer Ganz, for example, turned the static market on its head by linking its product to a virtual world that revolves around customization. One of the best-selling toy brands of 2007, the purchase of a Webkinz plush provides an entrée into Webkinz world, where kids can shop endlessly for virtual outfits and room décor, and invite their friends' virtual pets to their rooms to socialize.

For their part, the Echo moms seem to be aiding and abetting their kids' Webkinz addictions and further instilling the drive for self-expression. Several of the Echo moms Strottman spoke to admited to logging onto their children's Webkinz accounts after their kids went to bed to help them earn more virtual currency and give them more fuel to further customize their virtual pets' rooms! That Webkinz have been sold primarily via specialty/niche retail and not at big-box mass merchandisers likely increases the appeal of the playthings for many Echo Boomer parents

Living for today affects tomorrow's parenting

As this cohort is just entering the parenthood stage, it's worthwhile examining its expectations for the future and how this may affect parenting style. (Getting a read on expectations often paints a picture of how a group views itself right now, and what steps it plans to take to achieve its aspirations.) Echo Boomer parents seem to be learning lessons similar to those of Gen-X - chiefly that the grass may be as green today as it will ever be. However, unlike Xers who have tried to plan to achieve their goals, Echo Boomers remain focused on the present as a means of coping with an uncertain future. In fact, more than half the Echo Boomer parents polled (53%) agreed with the phrase, "I deal with things as they happen" as opposed to "I plan in advance," when asked about their future. (Only 40% of Xer parents made that selection.)

When asked why saving for retirement wasn't a high priority, Cheryl, a 27-year-old mother of two, said "It will take care of itself; there are too many other day-to-day things to worry about right in front of you." Similarly, Echo mom Jamie declared, "I have no idea about my future. I don't even think about what I'm going to do or where I'm going to live. It's all about the children, and their activities." Her attitude toward investing may resonate with many in her generation, as 58% of Echo Boomer parents claim they have no retirement savings compared with 41% of Xer parents.