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Gen X: Silent No More

PLUS: A Collaborative Fiction Event for Executives
November 6, 2024
Pictured: the Gen X bump that tipped the election. (Data: NYT, Chart: Future Commerce)

Welcome to the morning after, futurists. 

Gen X may have been one of the most important deciding factors in yesterday’s election outcome, which saw former President Donald Trump nab a decisive victory in both the electoral college and popular votes.

That same generation that has been missing out on brand overtures for decades experienced a “flippening” last night that might shift the strategies of many of our readers. 

As we wrote in The Geezer Tsunami back in 2023: 

“Everyone's talking about Gen Z. 13 year olds who literally have five dollars between them? [Yet] the parents are working. They're VP's or they're managers or directors, they are running companies… Gen Xers in their 40s and 50s are the people who had the most influence at this point in time on Gen Z. And yet no one's talking about them. They’re a forgotten generation.”

The “forgotten generation” of Gen X has been left out of the conversation — especially with brands, but increasingly in identity politics. The latchkey kids grew up to be hedge fund managers; and are slowly shifting out of their Obama-era progressivism toward traditional conservatism.

Despite their relatively meager size (around 20% smaller of a population group compared to Gen Z, Millennials, and Boomers), they have the lion’s share of buying power.  And yet, nobody is speaking directly to them.

Well nobody except Joe Rogan.

And, by association, advertisers on Rogan’s podcast. Nearly half of the 40+ advertisers active on the Joe Rogan Experience have products targeting an aging Gen X population. Those products fit squarely into the base of Maslow’s Hierarchy of Needs: safety, security, health, and food:

Pictured: categories of advertisers targeting 45+ on the Joe Rogan Experience podcast.

If 2008 was the ‘social media’ election and 2016 was the ‘disinformation election,’ 2024 might be remembered as the ‘podcast election.’ The longform podcast interview and all of its associated soundbites and TikToks dominated this year’s election coverage. Those podcasts are supported by a growing market of DTC brands who are spending hand-over-fist to gain brand recognition in those channels.

And that’s why this election was so different—the last generation to grow up in the monoculture of legacy radio and TV networks now have a formidable amount of capital in a world that is not made for them. They follow Dave Portnoy for politics and pizza, hold a few conspiracy theories loosely in their worldview, don’t buy into “brat” in their politics, and are used to being left out of the conversation. 

And their media reminds them—constantly—how they don’t fit into the cultural conversation.

The buying power of Gen X vs other generations. Data: Perplexity Pro. Chart: Future Commerce.

“While it’s chic to deride Boomers as being Luddite anti-technologists,” we wrote in The Geezer Tsunami, “it’s certainly not the case with Xers. Sure, your terminally-online Nana gets most of her news through social media, and she is most likely to do so on an iPad; but Xers are digitally savvy by comparison.” 

Insider Intelligence/eMarketer found that Xers and Millennials are close to even in digital adoption, despite their values and shopping intents having an ever-widening gap.

After the failed Biden plan to forgive student loans, generational marketing expert Amy Silino wrote for Future Commerce Insiders: 

Our resourcefulness, self-reliance, and the ‘pull yourself up by your bootstraps' mentality, birthed from the latchkey kids, the spike in divorce, the end of corporate loyalty, and the start of the ‘corporate layoff’ all contribute to [a lack of empathy].
So, from a worldview perspective, the lack of enthusiasm for this program existed before you even considered that most of us worked our tails off for years (decades in some cases) to pay our student loans.

Is it any wonder, then, that socially progressive programs are losing support by a majority of Gen X as they age?

According to Victoria Buchanan, who runs cultural foresight for Nike, this phenomenon isn't new. “People's views generally become more conservative as they age,” she said via a post on Twitter/X. “Once you own a house, your kids are at school, and you’ve got a pension plan, what you want to protect changes.”

— Phillip

Image Credit: TechCrunch on Flickr

Chainsmokers Elevate B2B. Speaking from Techcrunch Disrupt this week, the Chainsmokers (yes, the band) explored how music-inspired creativity can add fresh value to B2B. No, this isn’t a LinkedIn post; it is real life. Their perspective is that more B2B brands can have influence beyond typical metrics like leadgen and funnel forecasts. Creativity can heighten brand awareness, something that subscribers to Future Commerce have known for some time.

Image Credit: AppHunter on Unsplash

The Next Phase of China’s Marketplace Influence. Shein and The Children’s Place have teamed up to bring Shein’s digital-first brand into brick-and-mortar retail. This partnership will create Shein store sections within select Children’s Place locations, marking Shein's first foray into the U.S. retail landscape and offering new access points for its budget-friendly fashion lines.

Our Take: For those who lived through the growth phase of Amazon into its cultural dominance, this story will be familiar. Brands who held out from listing on Amazon eventually fell, one by one. A similar dynamic is currently unfolding with the likes of Temu and Shein. These brands have unreal distribution—Shein passed Zara and H&M last year, Boohoo in 2024, and are cementing returns and retail partnerships at an alarming rate. So fast, in fact, it was just deemed a Very Large Online Platform (VLOP) under the DSA Commission.

If content is king, distribution is queen. Shein has both, which means it’s royalty.

Image Credit: X

X Drops Merch. Always on-trend, but usually a bit late, X has now jumped fully into the tech company merch trend. X’s partnership with Shopify continues to grow, with the latest installment of their growing relationship taking the form of a new (extremely simple) merch store, which launched Monday, debuting two pieces of monotone merch. You can shop the collection at shop.x.com.

Rufus Rhymes with Doofus. General Mills’ AI czar Carter Jensen unveiled a new Chrome Extension for those brand marketers who want to get better data (any data?) about how their products are being ranked and recommended in LLMs. The Dog Walker for Rufus Chrome extension is designed to work alongside Amazon's AI service, Rufus, offering users productivity-boosting features that simplify workflow, and give visibility to marketers who are effectively working in the dark.

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