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The US unemployment rate is at its lowest since 1969 so the economy is pretty good for millenials and everybody else. The issue with motorcycling is that older people have a great of money in 2018, more than ever before in history. There are a lot of them and some of them are spending it on very expensive motorcycles. BMWs sales are booming riding the wave of 'get the best now before I croak' buyers. The isn't the 1970s when motorcycles made in low income countries were competing for young people's money in richer countries. As a result, until recently millenials were ignored by the manufacturers, until the manufacturers figured out that the wealthy older people were once younger people with smaller budgets who developed their interest in motorcycling at a younger age.Millenials aren't spoiling motorcycling, older people with wads of cash are warping motorcycling by virtue of their buying power. Younger people are buying what is offered to them, which until recently wasn't much. My advice to them has been to buy used, as the vanity and wealth of the old drives them to buy newer and (especially) more expensive bikes being pitched to them, they are casting off stuff which often has better long term value.
Most millenials I know (some of my sons friends) dont want to get their hands greasy. They want a bike that will be ready to go at a moments notice,that is quiet, clean, and require very little maintenance.
How far does a buck go now, compared to the 70s? Unemployment isn't the only thing at play here, and isn't the only thing that defines a good economy.
Didn't think I was, certainly didn't mean to.Was just trying to show that the modern young person is facing a vastly different world than we did... hell, in the 90s when I went to university, my tuition was about $3800 a year. So, it makes sense that luxury items (like motorcycles) would be in a transition period.Wasn't making any statements regarding policy or party.
My $.02:Motorcycles, for the past 60 years, have benefitted from the postwar baby boom. Baby Boomers bought Bonnevilles and Cubs and CB750s. They also bought Mustangs and GTOs and Camaros. The corporations have lived off this same (large) group of consumers. Now, that group of consumers is beginning to age out. So, it's only natural that corporations will be pivoting to accomodate GenX, and Millenials, and quit focusing so many resources on the boomers.A big "problem" the Millenials have is the amount of money they spend on media, and other things that boomers never did. Millenials do have some money. It's just that many of them would rather spend a few hundered $$$ per month on cellphones and such, rather than on a motorcycle payment.Priorities, you know...It's just up to the powersports industry (and others) to figure out how to sway what the Millenials choose to spend their money on...
My $.02:Motorcycles, for the past 60 years, have benefitted from the postwar baby boom. Baby Boomers bought Bonnevilles and Cubs and CB750s. They also bought Mustangs and GTOs and Camaros. The corporations have lived off this same (large) group of consumers. Now, that group of consumers is beginning to age out. So, it's only natural that corporations will be pivoting to accomodate GenX, and Millenials, and quit focusing so many resources on the boomers.A big "problem" the Millenials have is the amount of money they spend on media, and other things that boomers never did. Millenials do have some money. It's just that many of them would rather spend a few hundered $$$ per month on cellphones and such, rather than on a motorcycle payment.Priorities, you know...It's just up to the powersports industry (and others) to figure out how to sway what the Millenials choose to spend their money on...http://www.pewresearch.org/fact-tank/2018/03/01/millennials-overtake-baby-boomers/
$20 today has the "purchasing power" of about $3.50 in 1970.Of course, USA median family income in 1970 was about $10,000. In 2017, that number was about $61,000.Lets not let this segue into politics. Wouldn't be prudent.
As a Gen-Xer, I gotta say, other than a pretty sweet period of music and t-shirts, I never felt particularly catered to, It always felt that the boomers still took precedence, and then somewhere in the early 2000s, it all started to change a bit. Maybe that's just me, though.
The big diff. is things that were once luxury items are now disposable...computers, microwaves, mobile phones, washer/dryers
Replying as a millenial, No one eats lunch unless they're forced to or it's an unpaid hour, eat breakfast and work thru lunch until closing time then grab dinner.
Marriage? Maybe, our rates of marriage are low and we marry at an older age but once we are married our rates of divorce are much lower than boomers and gen-xers.
True but also true of my parent's generation (pre-boomers)Kudos, fixed something we've been screwing up for years.
I'm sure the moto companies will find ways into the Millenials' wallets...It will just take them time to wean off of the Boomers.