Anyacat said:
Radio does not want the over 50 crowd because it cannot make money from the over 50 crowd, advertisers do not want the over 50 crowd because you cannot make money from the over 50 crowd and yet somebody somewhere is making money from the over 50 crowd, we just don't know how they spend their money but we are sure that they do and if advertisers think the over 50s pay attention to junk mail, they are sadly mistaken. The title on this thread is "This is not your father's 50-something," a point missed by the radio crowd, the advertising crowd and some of the people who post here. And so it goes...
The issue is not a radio one nor is it an agency one. The client dictates demos based on a combination of factors.
1. ROI. How much advertising does it take to get a person to buy? Older consumers are harder to convince because they are more skeptical and have established consumption patterns. There is often no profit in advertising to them.
2. Product design. The target of a product is determined when the product (and that is the same for a can of soup as it is for an insurance offer) with a specific consumer in mind. Advertisers design products for sepcific consumer groups or niches and instruct thier agency to buy only that group.
3. Product usage. In many cases, the usage of product categories is greater in certain demos. Beer is consumed by all (legal) ages, but the brewers know where the rich consumer veins are. They would rather get the 2-six-pack-a-week youngewr males than a retired guy who drings a beer or two a week.
4. Creative focus. The ad agency will create an ad campaign targeted at the richest group of consumers (not "wealthy" but "rich" in the sense of being loaded with many consumers who would buy) and that campaign may be totally ineffective with seniors. A spot that has "kids and a dog" will not work for empty nesters. Even colors, visuals, etc., determine who will pay attention.
Advertisers with products targeted at 55+ will use alternative media. Direct mail would not exist unless it was effective, and it is very effective because lists are available with enormous stratification. If you are in the travel business, you can target those who travel. Or those who own a home. Or those who are retired. Or empty nesters.
And then you have specialty magazines, ranging from golf to travel to retired persons, most of which have an older demo. You also have direct marketing, like events that cater to seniors. It is very efficient to reach 55+ with alternate media... and keep in mind that radio has a very small part of the ad pie nationally.