THE SOCIAL CIRCLE Social media connections across generations 85% Chances are you have a social media account. After all, social networking is not new, and 85% of US consumers are on social networks. But how are consumers using social media? And how does it affect us across generations? Millennials 14 –18 19–25 2015 US Population Generation X Baby Boomers Matures 33– 49 50 –68 69 + 70M 75M 23M Born 1982 –1966 Born 1965–1947 Born 1946 and prior 26–32 83M Born 2001–1997 Born 1996–1990 Born 1989–1983 EXTREMELY SOCIAL CREATURES Of the US population checking social media, more than half are online every day. 58% check daily 13% check weekly 14% check monthly Some generations take social media to a whole other level, with 76% of Millennials on their accounts every day. 66% of Millennials ages 19–32 say they value their time interacting with friends on social media equally with their time spent together in-person. THE BUSINESS OF SOCIAL Overall, social media is rising as a popular news source, surpassing television as Millennials’ favorite source of news. Social media vs. television as main news source among Millennials 14 –18 19–25 26 – 32 34% Social Media 28% TV 37% Social Media TV 16% 29% Social Media TV 21% Social media also has an impact on consumers’ buying decisions, especially among Millennials. In fact, social media recommendations are more influential than TV ads for Millennials ages 19–32. 19-25 26-32 72% Social Media Recommendations TV ads 63% 74% Social Media Recommendations TV ads 63% Additionally, ads delivered on social media platforms are more influential to Millennial's buying decisions than other traditional advertising approaches. Social Media ads Brands’ attention to social media’s benefits has paid off, with more than 50%* of customers saying social helps them feel more informed about and develop positive perceptions of brands. 54% Magazine ads 48% Search Engine ads 48% Celebrity endorsements 43% Radio Ads 43% 61% Learn more about a brand from social media than from its company website 54% Experience more effective customer service through social media *Among total US consumers, summary of agree strongly/somewhat It’s highest among Millennials ages 19–25, at 80%. HERE TO STAY Among mobile apps, social media apps are still top dog—holding the #1 spot for most used apps among both Millennials and Xers on smartphones and tablets. Time will tell what direction these social media trends continue to move as the generations’ tech usage continues. Source: “Digital Democracy Survey: Tenth Edition,” 2016, Deloitte #TMTtrends www.deloitte.com/us/tmttrends
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