“We’re the ‘I don’t care’ generation, remember? We don’t care as much about paying bills. Give us colour and bigger fonts. The amount due and due date should be big with colour and be the most noticeable thing on the statement - that’s the only thing we read.”
Quote from a typical young adult.
Marketing departments love demographics; especially age demographics. They analyze the lifestyles and buying habits of age-groups to maximize both product and promotion. Although the North American baby-boomer (to be discussed in a future blog) has been the dominant cohort for a half-century, their offspring have become a major force in the current retail market. This is especially true in the telecommunication industry.
When it comes to customer statements, I noticed that the three young adults in my life have a very different perspective. They rarely open bank statements and other transaction documents sent to them. When they do, they have difficulty understanding what they are trying to communicate. This results in over-due cellular or credit card payments. This led me to do a bit of research within the industry to find out if I have a handle on this.

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