Breaking News

Slack No More, According to GenWorld

June 7, 2006

Financial security and employment are top concerns for teens worldwide, according to a GenWorld Teen Study recently conducted in 13 countries by Energy BBDO. Seventy percent of teens polled cite “financial security” and “making their parents proud” as top life expectations, and more than half expect to be rich in their lifetime. Furthermore, 50% expect to own a business.
“Teens around the world today are re-defining the good life,” says Chip Walker, executive vice president and director of planning at Energy BBDO. “They view money as a means to an end rather than as an end in itself.”
The study’s findings suggest that teens’ financial ambition is a practical means to protecting their families and creating security. Their top five global personal values include: 1) protecting the family: 65%; 2) freedom: 55%; 3) enjoying life: 54%; 4) stable personal relationships: 54%; and 5) having fun: 51%.
Only 34% of teens cited ambition and aspiring to get ahead as personal values, and 78% disagree that in seeking a job, money is more important than personal fulfillment.
“Companies today must address these new teens who are ambitious and craving a well-rounded life,” explained Mr. Walker. “To do so they need to recognize the nuance, sophistication and many goals of teen life.Unlike their predecessors, many teens today have their eyes on a higher prize: balance and enjoyment in life,” he said.
blog comments powered by Disqus
  • Pushin’ the Cushion

    Pushin’ the Cushion

    Christine Esposito, Associate Editor||July 26, 2016
    AmorePacific, the creator of the cushion compact, continues to improve its unique product.

  • Cozy Makes a Splash

    Cozy Makes a Splash

    Melissa Meisel, Associate Editor||July 25, 2016
    Expands reach in CVS and introduces new collection.

  • Senior Skin Care

    Senior Skin Care

    Christine Esposito, Associate Editor||July 19, 2016
    McCord Research and Product Quest Manufacturing roll out new hospital-grade skin care kits for seniors to use at home.

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.