Life events often shape who we are, how we behave, and what we decide. This research will dive deep into the five of these profound life-changing events
A 2018 collaborative project, “Hacking Longevity,” led by the AARP, provided the first three-generational perspective on the aging journey.
It identified discreet “Life Shifts” during which people face abrupt and profound life changes. This new study will take a deep and strategic look at how organizations can better serve and connect with those in the midst of these 5 Life Shifts:
• Aging Single
• Career Encoring
• Changing Living Situation
A 2018 collaborative project, “Hacking Longevity,” provided the first three-generational perspective on the aging journey. It answered key questions and raised new ones, while identifying discreet “Life Shifts” during which people face abrupt and profound life changes.
This new large-scale project, “Decoding Aging: 5 Key Life Shifts,” is designed to inspire ideas and guide decision making for organizations when it comes to:
• New product innovation
• Communicating with and serving consumers in the midst of each of these 5 key Life Shifts
• Assuring your brand’s relevance and affinity during these times of great life change
To dig deeper into the quantitative findings and to paint a rich portrait, we will conduct a robust qualitative phase after a preliminary review of the quantitative data.
Xers, Boomer and Silent respondents will participate in a range of exercises and discussion on the Aha! Platform to uncover the varying emotions, as well as the rational decision-making, that accompanies each of these Life Shifts among all three of the generational cohorts.
Mix of direct questioning/discussion and projective exercises over a 5-day period, leveraging the Aha! qualitative platform
• Individual probing, including ability for clients to login and “tag” individual respondents
• Video diary output to be edited as part of the final deliverable
Respondents will be screened to be currently experiencing or have recently experienced one of the 5 Life Shifts:
• 20 respondents for each of these Shifts: Living Single, Grandparenting, Career Encoring
• 30 respondents each for Caregiving and Changing in Living Situation (note: each of the last two groups will be bolstered by 10 Silents – specifically 10 primary caregivers to their spouse/partner and 10 residents of senior-living communities)
Dynata (formerly Research Now/SSI) has more than 11 million panelists in 40+ countries, is an industry-leading panel provider, and a trusted partner to RTi
Additional profiling of the Life Shift groups provided by:
• Behavioral Tracking: Prior to the quantitative survey, a sub-sample of respondents (up to 500) will download an app that allows their online behavior to be tracked for 30 days
• Behavioral Data Appends (i.e., Modeled credit score, voter history, self-reported ailments, financial life-stage information) for a sub-sample of respondents
The behavioral data will be analyzed and integrated with the survey data and qualitative learnings into the final report
Types of information that will be collected: websites and apps used/amount of time spent/time of day/device used
Data collected will be used to enhance quantitative learnings in more richly profiling the five Life Shift groups (their needs, how best to communicate with them, where to reach them, etc.)
n=3,000; 1,000 for each generational cohort: Xers (ages 45-54), Boomers (ages 55-73), Silents (ages 74+)
3,000 respondents screened to assess membership in one or more of the 5 Life Shift groups, providing sizing for each of these groups within the general population. Those who qualify answer detailed questions regarding a single Life Shift. Minimum of 300 evaluations per Life Shift group.
• In-depth report, covering quantitative findings, behavioral profiling, and qualitative insights
• Includes Strategic Executive Summary for sharing with internal teams
• Art-directed by Pangborn Design
• Access on the KnowledgeHound data-visualization platform
• 5 Professionally edited videos, one for each of the Life Shift groups
• Presentation: In-person or via video conference
Integrating all phases of research through story-based deliverables, including professionally edited videos to foster broad acceptance and internalization of data, insights, and recommendations
Single combined in-depth report, covering quant, behavioral profiling, and qual:
• Includes strategic executive summary
• Professionally art-directed report
• Effective use of infographics, graphs, charts, verbatim callouts, etc., to illustrate the findings
5 shareable professionally edited videos, one for each of the 5 Life Shift groups, each organized by: • Self • Health • Wealth
Data file with quant findings
All data accessible on the visualization-platform, Knowledgehound; free training session is provided
Opportunity for immersion, activation, and thought-leadership events
Travel expenses not included; billed separately at cost
At RTi RESEARCH, we turn data into meaning, something that can be communicated simply and acted upon effectively. For nearly 40 years, we’ve been bringing the customer voice to the corporate decision-making process through our wide range of quantitative and qualitative marketing research services and methods. What’s different today are the technologies that allow us to gather and mine enormous amounts of data and the resulting struggle to figure out what it all means. Navigating this starts with understanding when to leverage new, innovative data collection and analytic technologies, techniques and methods, or when a traditional approach is best; and culminates in finding meaning in all that data and sharing it through innovative storytelling. Turning data into meaning is how we support our clients’ success.
THE BUSINESS OF AGING helps businesses and organizations advance their goals, while advocating for and serving the mature market. Lori Bitter, President, is a well-known, well-respected expert. She is the author of "The Grandparent Economy" and was recently named as one of “The Top 50 Influencers in Aging” by Next Avenue.
Lori Bitter, The Business of Aging
Lisa Cooper, Senior Vice President, RTi
Howard Firestone, Vice President Marketing Sciences , RTi
David Intrator, Chief Meaning Officer, RTi