Roughly one-half (52%) of surveyed Millennials—those now age 18 to 34—are surpassing their generational peers in adopting new technologies, according to the forthcoming 2013 Digital Marketer Report from Experian Marketing Services.
Such Early Adopter Millennials strive to be the first to have the latest electronic equipment, are willing to pay almost anything for an electronic product, and want to be a source of information on electronics for others, according to Experian's report.
Moreover, Early Adopter Millennials spend far more time than their peers using mobile devices.
Below, additional findings from Experian Marketing Services.
Overall, Millennials are an important consumer segment:
- 60% of Millennials own a home.
- 34% are married.
- 24% of have a college degree.
- On average, Millennials have $11,317 of discretionary spend annually.
Meanwhile, Millennials are more likely than the US online population to visit search and social websites before visiting a retail website, but less likely to engage with email or visit rewards and directory sites before visiting a retail website.
Early Adopter Media Use
More than one-quarter (27%) Early Adopter Millennials say they have used a tablet in the previous seven days. That’s about 20% higher penetration than other Millennials: