In the coupled States, young people these days are so plastered through allowances and the like that children aged four to twelve have a combined annual income of nearly $15 jillion, $11 billion of which they spend. The remaining $4 billion they save. Furthermore, this same group directly influences more than $160 billion in family plate purchases (McNeal, 1992).
McNeal, who noted that his estimate which was just raised from $150 billion is conservative, further estimated that children indirectly influence between $350 billion and $ cd billion worth of purchases a year. McNeal argues that this consumer group is frequently neglected when considering consumer behaviour in general, and arguably so. Children can influence the purchase decisions of parents in ways that most marketers can only daydream of, but marketers realize that these children themselves serve as a conduit to the wallets of their parents. The riches of these 34 million children has been growing at the rate of 20% a year for the past five to seven years (McNeal & Chyon-Hwn, 1993).
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