Kids and teens often influence what their parents purchase on their behalf and play a key role in determining what type of foods and entertainment will be purchased for the family household. At the same time, the FTC and other agencies are regulating advertising directed at kids more closely than they have in the past and this is leading to significant changes at many companies. Given this influence and the changing landscape of marketing to children, it is important for companies to examine the influence that kids have on family purchases and what they can do to optimize marketing and product development efforts. As such, this report addresses the following questions:
- What demographic segments of society have the highest concentration of kids under 18? - What proportion of kids and teens own cell phones and what is the significance of the “third screen” to marketers that target kids and families? - What proportion of kids and teens receive an allowance or often get what they ask for? - In which categories do kids have the most influence on familial purchases? - In which channels do kids tend to have the most influence over parents?
