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Gen X includes people born between 1965 and 1980. This group and millennials generate over 60% of China’s total income. Globally, Gen X spending will reach $15.2 trillion this year. That makes them the world’s second-largest consumer market. By 2035, this figure will grow to $23 trillion.
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Tell stories about heritage and craftsmanshipThis resonates with a generation that first met luxury through European prestige.
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Provide service innovation.This includes concierge programs and personalized digital experiences. This speaks to their desire for convenience and trust. -
Embrace sustainability as a philosophy, not a marketing message. Embed it in sourcing and production. -
Use cultural icons who resonate across generations. For example, Maison Valentino chose pop icon Jolin Tsai, age 44. Salvatore Ferragamo chose Gao Yuanyuan, in her mid-40s. Michael Kors also chose Shu Qi, age 49, as a global ambassador These choices show a move away from Gen Z focused talent.
Being current online does not always equal commercial viability. Gen Z’s purchasing power will grow. But they will not command the same spending power as Gen X in the next decade.
KRDS is an independent agency with offices in Shanghai, Hong Kong, Singapore, France, India, and the UAE. We focus on ideating and executing mobile-first social media content and experiences for top brands. Until today, we have handled over 2,000 digital campaigns across 45 countries, for companies like Vivo, BNP Paribas, Volkswagen, Hyatt, Singapore Airlines, HP, Johnson & Johnson, LVMH, Unilever, Nestlé, Tag Heuer, Converse, Air France, and L'Oréal.
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greaterchina@krds.com
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