The New Contract meets The New Life Builder
Manage episode 490621802 series 2891020
We sit down with Dave McCaughan as we continue exploring "The New Contract of Retirement" across Asia.
Dave has coined, championed, and now serves as the epitome of "The New Life Builder" . But what is this "New Life" actually built on, and why should brands look to be part of its foundations?
With four decades of advertising experience with McCann across Bangkok, Hong Kong, Shanghai and Tokyo, Dave spotted the implications of this emerging demographic shift far earlier than most. Where his focus groups among older adults kept revealing a mindset of 'what's next?'....rather than what's been.
Even since, Dave's passion has been to rethink what is happening within the region's fast-aging population. And in particular understand and debunk the myths which underpin marketers' common reluctance to target the over 60's.
From Japanese electric guitar booms and the rituals of "Macca's Mondays", to rediscovering the wonders of Disneyland and intergenerational travel, Dave brings to life inspirational anecdotes that dismantle marketing myths about the older demographic, one after another, including:
- "They don't buy stuff" (Reality: 50%+ of value sales across most categories)
- "They don't try new brands" (Reality: they've been switching for 40+ years)
- "They can't use technology" (Reality: your research problem, not theirs)
- "We don't need older employees" (Reality: you can't target what you don't understand)
Dave's Reality Check: "60 is the new 60" - stop trying to make them look 25, start serving them as confident 60-year-olds who know what they want and have money to spend on it.
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54 episodes