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« FHA Outlook Report Shows Projected HECM Volume Up
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Baby Boomers Are The Largest Group of Internet Users

December 15th, 2008  |  by John Yedinak Published in Marketing, News, Reverse Mortgage, Technology  |  1 Comment

image If you’ve been putting off updating your reverse mortgage website, better not wait any longer.  Data from eMarketer shows that Boomers make up the largest group of US Internet users. At 56.7 million strong they constitute nearly 30% of the online population.

“Marketers targeting boomers online would be mistaken to treat them all alike,” says Lisa Phillips, eMarketer senior analyst and author of the new report, Boomers Online: Attitude Is Everything. “Older boomers, ages 54 to 62, use media more like the ‘matures’ who precede them, and younger boomers, ages 44 to 53, act more like Gen Xers online.”

imageAccording to eMarketer, their attitude toward the Internet is less a love affair and more a marriage of convenience. They go online to get things done, such as finding information on products and services, shopping, and staying in touch with friends and family.  “How boomers use the Internet today is indicative of how they will use it as they age into their 70s and 80s,” says Ms. Phillips.

Most authorities believe that boomers will remain online and engaged as long as their health and abilities permit, and recommend that technology providers begin preparing now to met their changing needs.

“Marketers who pigeonhole boomers as just aging seniors—and expect their Internet use to dwindle—will find their brands ignored and distrusted by this judgmental generation,” says Ms. Phillips.

You’ve Come a Long Way, Boomers, and You’re Online Now!

Technorati Tags: Reverse Mortgage,News,eMarketer,Baby Boomers,HECM,FHA,HUD

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