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mhhf1ve
mhhf1ve
10/9/2017 3:01:12 PM
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Re: A hero ain't nothing but a permutation ....
And when camera equipment gets a lot cheaper, there will be an ever longer tail of YouTube-like content.....

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Ariella
Ariella
10/9/2017 2:54:19 PM
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Re: A hero ain't nothing but a permutation ....
@mhhf1ve or Apple phones may bump cameras out. Daughter tells me that some photographers shoot only on iPhone and get some amazing pictures.

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mhhf1ve
mhhf1ve
10/9/2017 2:51:02 PM
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Re: A hero ain't nothing but a permutation ....
I think camera equipment will become cheaper and cheaper too. I'm not sure how long big DSLRs will be around for non-pros. The Light L16 camera looks like the wave of the future for digital cameras.

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Ariella
Ariella
10/9/2017 1:48:39 PM
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Re: A hero ain't nothing but a permutation ....
@mhhf1ve Aside from her devices, her biggest purchases have been a camera and lens. Right now she's interested in photography, but unless she decides to turn the hobby into a source of income, she likely it will not dominate her spending in future.

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mhhf1ve
mhhf1ve
10/9/2017 1:43:58 PM
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Re: A hero ain't nothing but a permutation ....
Heh. Check back in another 16years and see if your daughter is still spending about $3000 or less on entertainment per year? Given how many millennials share passwords for Netflix -- it doesn't strike me as outrageous to think that 30-somethings might not spend a whole lot on unnecessary things (besides avocado toast)....

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Ariella
Ariella
10/9/2017 12:55:49 PM
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Re: A hero ain't nothing but a permutation ....
@mhhf1ve that all depends on if their parents provide them with money, and some do that even for their children in their thirties! At 16, my daughter's earnings are limited to her summer camp job, which pays about $1k, and her babysitting jobs, which can amount to more than that. But we're still talking under $3K for the year. I suppose, you can argue that it is all disposable income. Perhaps, but I still think she'd spend that amount differently in her thirties than she does now.

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mhhf1ve
mhhf1ve
10/9/2017 12:47:46 PM
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Re: A hero ain't nothing but a permutation ....
The incomes of 16yo kids and 30-somethings should be different-- but the amount of discretionary spending power might not be too different?

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Ariella
Ariella
10/9/2017 12:10:07 PM
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Re: A hero ain't nothing but a permutation ....
< completely understand that a high school kid has different tastes than a person in their early 30s but in terms of purchasing power those two age brackets might not be so different.>

I certainly hope that people will be earning more in their 30s than they are when 16, particularly as their eaning time is limited by being in school full time. One other difference is the ability to enter into binding contracts, which only kicks in at 18, and the fact that many credit cards are now wary of granting credit to anyone under 21 without a parental partner.

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Ariella
Ariella
10/9/2017 12:08:10 PM
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Re: Ten thousand hours...
<The US has unique age milestones for 16, 18 & 21 year olds for example. > from a marketing segmentation perspective, that does make sense. I say that having had experience as a parent with the different age groups. 16 year-olds are at a different stage than the 18 year-olds who are already in college, for example. Also the former can't vote yet while the latter can. Due to certain law restrictions, 21 year-olds have more options and can be targeted for certain forms of marketing not open to the younger set. 

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mhhf1ve
mhhf1ve
10/9/2017 12:04:16 PM
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Platinum
Re: Ten thousand hours...
Demographic age brackets vary a bit from survey to survey -- especially across different countries, even when you might not think there should be many differences such as between the UK and US. But the US has its own particular set of polling standards that survey companies follow, and other countries may not have built up the same polling procedures and traditions. The US has unique age milestones for 16, 18 & 21 year olds for example.

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