Gunjan Doshi

Startups, Entrepreneurship, Agility, Management & Leadership, Metrics

Powerful Untapped Market segment: 50+ Americans

March 17th, 2009 by gunjandoshi

Over the next 10 years, the Older Americans segment (50+) is projected to grow 23%. By 2020, this market segment should be nearing 119 million people and represent 35% of the total population, as provided by the US Census.

  • 78% of 50-54 year olds are online
  • 45% of 70-75 year olds are online
  • 67% of 70-somethings use a cell phone on a weekly basis
  • Older Americans are 27% more likely to visit travel websites than the average internet user, and 98% more likely to visit health sites
  • 77% of 50-somethings, 71% percent of 60-somethings and 52% of 70-somethings report having used a search engine in the past week
  • 20% of 50-somethings have used a social networking site in the past week
  • 24% of those 70+ have watched an online video in the past week

Source:sean omalley.com

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