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Dawn B. Valentine Thomas L. Powers , (2013),"Generation Y values and lifestyle segments", Journal of Consumer Marketing, Vol. 30 Iss 7 pp.
597 - 606
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http://dx.doi.org/10.1108/JCM-07-2013-0650
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Thomas L. Powers
University of Alabama at Birmingham, Birmingham, Alabama, USA
Abstract
Purpose Although Generation Y has been extensively examined in the popular and academic literature, there have not been any studies to date that
have identified the psychographic profile of this market segment using the VALS scale. The purpose of the research presented in this paper is to provide
a segment characterization of Generation Y using the VALS typology and provide insights into the media habits of this population.
Design/methodology/approach The research sample consisted of subjects from Generation Y that were drawn from a population of college
students. To determine the VALS types, participants completed the VALS survey in addition to responding to questions related to demographics and
media habits.
Originality/value The results contribute to the literature by providing for the first time a segmented characterization of Generation Y consumers. The
research provides a detailed perspective of this important market segment and provides marketers with insights on their values, attitudes, and media
habits.
Keywords Generation Y, Market segments, Media habits, VALS
Paper type Research paper
Introduction
Generation Y is a unique and influential consumer group
whose behavior is often discussed but not fully understood
(Drake-Bridges and Burgess, 2010; Racolta-Paina and Luca,
2010; Noble et al., 2009; Smith, 2012). Heavily influenced by
technology and the internet, this consumer cohort has evolved
differently from previous generations making, it a challenging
group to target (Lester et al., 2005). Previous research has
examined Generation Y in various contexts, however,
theoretical and empirical research about its psychographic
profile is limited (Yu, 2011). Increased interest in identifying
aspects of Generation Y that differentiate them from previous
generations has been called for (Hauw and Vos, 2010);
however, the present research represents work that
characterizes Generation Y on a segmented basis.
A contribution to the segmentation literature can be made
by undertaking research that is both theoretically based and
that can provide specific information about the psychographic
profile and media behavior of Generation Y. Managers believe
that the consumers who comprise Generation Y are distinctly
different in many ways from Generation X or the Baby
Boomers (Pesquera, 2005). The behavior of this cohort is
certainly distinguishable and unique to the generation
(Hershatter and Epstein, 2010). The literature suggests that
Generation Y is more than three times the size of Generation
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Background
The difference between Generation Y and previous
generations relates to a shift in values on the part of
Generation Y consumers from those of previous cohorts
(Hyllegard et al., 2011). While Generation Y is similar to its
parents generation (Baby Boomers) in size, in almost every
597
Resources
Orientation
Characteristics
Media
Actualizers
High
Status
Fulfilleds
High
Principle
Achievers
High
Status
Skeptical of advertising
Read a wide variety of publications
Like educational and public affairs programs
Read widely and often
Average TV watchers
Experiencers
High
Action
Believers
Low
Principle
Strivers
Low
Status
Makers
Low
Action
Strugglers
Low
Status
Self-confident
Receptive to new products and technologies
Value knowledge
Little interest in image or prestige
Image conscious
Relatively affluent
Attracted to premium products
Follow fashion and fads
Spend disposable income on socializing
Traditional family-oriented
Slow to change habits
Image conscious
Carry credit balances
Spend on clothing and personal care products
Self-sufficient
Shop for comfort and durability
Unimpressed by luxuries
Concerned with security and safety
Brand loyal
599
Trust advertising
Watch TV often
VALS types
Research Question 1 (RQ1) pertained to the identification of
the primary VALS segments of Generation Y. It was found
that 92 percent of the respondents primarily fell into three of
the VALS types. Specifically, 59 percent of the respondents
were classified as Experiencers, 24 percent as Strivers, and 9
percent as Achievers. The remaining 8 percent of the
respondents primary types were Innovators (3 percent),
Believers (2 percent), Thinkers (1 percent), Strugglers (1
percent), and Makers (1 percent). The Experiencer segment
consisted of 63 percent females and 37 percent males with an
average age of 20 years. The average annual household
income for this segment ranged between $30,000 and
$49,000. The Striver segment consisted of 46 percent
females and 54 percent males with an average age of 21
years. The average annual household income for this segment
ranged between $15,000 and $29,000. The Achiever segment
consisted of 64 percent females and 36 percent males with an
average age of 25 years. The average annual household
income for this segment ranged between $40,000 and
$74,999. The relative level of resources identified in each
segment is consistent with the high and low resources of the
VALS typology. These results are shown in Table II.
Media habits
RQ2 addressed the specific media habits of Generation Y. The
results indicate that electronic media are the primary media
used by this group. Television ranked first and the internet
ranked second. Magazines ranked third and radio ranked
fourth. The internet (49 percent) and television (54 percent)
were rated as high to very high in importance as a source of
advertising information. The majority of the respondents
rated billboards (85 percent), daily newspapers (79 percent),
direct mail (70 percent), free community papers (86 percent),
in-store ads (60 percent), magazines (42 percent), radio (50
percent), and weekly newspaper (70 percent) as low to very
low in importance as a source of advertising information.
Overall, traditional print media was rated lower than
electronic media. The media habits of the total sample are
shown in Table III.
In order to address the remaining research questions
parsimoniously, the top three VALS segments (Experiencers,
Strivers, and Achievers) were examined as they represented
92 percent of the respondents. RQ3 asked specifically whether
Generation Y media habits vary by VALS segments.
Significant differences were found between four of the
media types by VALS segments. The results of a one-way
ANOVA and Gabriel post hoc tests revealed significant
differences in media habits between the Experiencer,
Striver, and Achiever VALS segments of Generation
Y. Media habits regarding the internet vary significantly
VALS types
Experiencers
Strivers
Achievers
600
Percentage
59
24
9
Gender by
segment (percent)
Females
Males
63
46
64
37
54
36
Average
household
income
range ($)
30,000-49,000
15,000-29,000
40,000-74,999
TV
Internet
Magazine
Radio
In-store ads
Direct mail
Daily news
Weekly news
Billboard
Free paper
22
22
12
10
3
3
2
2
3
1
32
27
22
14
17
8
10
7
2
3
23
25
24
26
20
19
9
10
10
10
12
17
20
22
24
17
19
23
17
13
11
9
22
28
36
53
60
58
68
73
3.43
3.35
2.81
2.56
2.29
1.93
1.73
1.70
1.54
1.46
1
2
3
4
5
6
7
8
9
10
Media
Male
Female
Sig.
Television
Internet
Magazines
Radio
In-store advertising
Direct mail
Daily news
Weekly newspaper
Billboard
Free community paper
3.42
3.33
2.44
2.46
1.96
1.56
1.53
1.56
1.61
1.35
3.54
3.43
3.05
2.74
2.64
2.19
1.96
1.71
1.53
1.55
2 0.621
2 0.488
2 3.138
2 1.384
2 3.706
2 3.778
2 2.490
2 0.904
0.586
2 1.426
0.535
0.626
0.002
0.168
0.000
0.000
0.014
0.368
0.559
0.156
Discussion
This research endeavored to identify specific psychographic
segments of Generation Y, as well as to identify differences in
media habits by VALS segments and gender. A further
understanding of the psychographic makeup and behavior of
Generation Y can be of value to managers seeking to reach
this segment. The findings of the present research provide
several specific insights on the nature of Generation Y. First,
the initial findings that relate to the dominant VALS types
provide a clear overview of the lifestyle types that are prevalent
in Generation Y. The results indicated that Experiencers are
the dominant Generation Y VALS type. This finding is not
surprising in that this VALS segment has high resources, is
action-oriented, follows fads, and has media habits typical of
younger people (Kurtz and Boone, 2010). For Experiencers
the results found the internet to be the most prevalent media
type. It is also interesting to note that within this VALS
Sig.
3.65
3.59
3.13
2.80
2.27
1.87
1.59
1.72
1.51
1.49
2.97
2.79
2.36
1.96
2.34
1.93
1.76
1.39
1.54
1.29
3.27
3.55
2.36
2.73
2.55
2.18
2.00
1.91
1.36
1.73
3.233
4.749
4.594
4.280
0.255
0.335
0.847
1.532
0.153
1.069
0.043
0.011
0.012
0.016
0.776
0.716
0.431
0.221
0.858
0.347
601
Male
Television
Internet
Magazines
Radio
In-store advertising
Direct mail
Daily news
Weekly newspaper
Billboard
Free community paper
3.65
3.35
2.65
2.92
1.92
1.27
1.54
1.96
1.65
1.42
Experiencer
T
Female
3.64
3.73
3.40
2.73
2.47
2.22
1.62
1.58
1.42
1.52
0.033
21.491
22.459
0.580
21.861
23.872
20.374
1.485
1.074
20.424
Sig.
Male
0.974
0.141
0.016
0.564
0.067
0.000
0.710
0.142
0.286
0.673
2.80
2.80
2.33
2.07
1.87
1.87
1.20
1.33
1.60
1.20
Striver
Female
t
3.15
2.83
2.25
1.92
2.77
2.00
2.38
1.50
1.50
1.25
2 0.660
2 0.055
0.171
0.333
2 1.873
2 0.255
2 2.755
2 0.532
0.250
2 0.181
Sig.
Male
0.515
0.957
0.866
0.742
0.072
0.801
0.011
0.599
0.804
0.857
2.75
3.75
1.50
2.00
2.25
1.75
1.25
1.50
1.50
1.25
Achiever
Female
t
3.57
3.43
2.86
3.14
2.71
2.43
2.43
2.14
1.29
2.00
20.969
0.529
21.886
21.660
20.697
20.854
21.483
21.271
0.487
21.647
Sig.
0.358
0.610
0.092
0.131
0.504
0.415
0.172
0.235
0.638
0.134
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Corresponding author
Thomas L. Powers can be contacted at: tpowers@uab.edu
604
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