Money, Power, Respect?

We are a mix of different personality types – unique in our own right. We came across these different lifestyle personality types that are somewhat representative of many of us.

When it comes to lifestyle there is need to differentiate between income and wealth. Income can be categorized as money received especially on a regular basis for work or through investments while wealth is the abundance of valuable possessions or money. To point out, some people have high incomes but have little to no wealth because they spend it al or have a lot wealth but no job.

Anyway… Here are the different lifestyle personalities out there:

a) Actualizers are those with the most wealth and power.
i) Successful, sophisticated, active, high self esteem, abundant resources.
ii) Image is important not as a status symbol but as an expression of their independence and character.
iii) Leaders in business and government.
iv) Concerned with social issues.
v) Have a taste for the finest things in life.
vi) 72% married, 59% men, 95% college educated.
vii) Income is $5 million a year and up.

b) Fulfilleds have high resources and are principle-oriented professionals or retirees.
i) Mature, satisfied, comfortable people.
ii) Value order, knowledge and responsibility.
iii) Most are well educated and in or recently retired from professional jobs.
iv) Leisure activities center around the home and family.
v) Conservative, practical consumers that look for functionality, value and durability in the products they buy.
vi) Income is $2-$5 million a year.

c) Believers are Fulfilleds without the resources.
i) Conservative, conventional with concrete beliefs based on traditional established codes: family, church, community and the nation.
ii) Deeply rooted moral codes.
iii) As consumers they are predictable and conservative, favoring American products and established brands.
iv) 70% married, 46% men, 6% college educated.
v) Median age is 58.
vi) Income is $500,000 to $2 million.

Actualizers, Fulfilleds, and Believers are upper class. They are only .5% of the population in the USA but control 80% of the wealth.

d) Achievers have high resources and are status oriented.
i) Seek recognition and self definition through achievements at work and school.
ii) Value predictability and stability.
iii) Deeply committed to work and family.
iv) Social lives are centered around family church and career.
v) Image is important to them.
vi) They favor established prestige products and products that demonstrate success to their peers.
vii) 73% married, 39% men, 77% college educated.
viii) Income around $200,000.

e) Strivers lack the resources of Achievers but are equally status oriented.
i) Seek approval from the world around them.
ii) Striving to find a secure place in life.
iii) Easily bored and impulsive.
iv) Wish to obtain things that are out of their reach.
v) Income around $100,000.

Achievers and Strivers are the middle class. This group is shrinking due to high credit card debt, bad mortgages and an increasing level of unemployment in America. 90% of Americans make $100,000 or less a year in income.

f) Experiencers have high resources, are action oriented, and are disposed toward taking risks.
i) Young, vital, impulsive and rebellious.
ii) Politically uncommitted and ambivalent about what they believe.
iii) Avid consumers that spend much of their money on clothing, fast food, music and movies.
iv) 34% married, 53% men, 41% college educated.
v) Median age is 26.
vi) Income is around $50,000 a year.

g) Makers also are action oriented but have low resources.
i) Practical with constructive skills.
ii) Experience the world by working in it, building a house, raising children, fixing cars, canning vegetables.
iii) Politically conservative.
iv) Suspicious of new ideas.
v) Respectful of government ideas and organized labor.
vi) Unimpressed by material possessions other than those with a functional purpose.
vii) Sometimes called the “working class.”
viii) Income is around $30,000 a year.

h) Strugglers have the lowest resources.
i) Have constricted lives.
ii) Chronically poor.
iii) Uneducated and limited skills.
iv) Without strong social bonds.
v) Chief concerns are about their health and safety.
vi) Cautious consumers.
vii) Loyal to favorite brands.
viii) 47% married, 37% men, 3% college educated.
ix) Median age is 61.
x) Median income is $9,000 a year, which is equivalent to minimum wage.

Experiencers, Makers, and Strugglers are lower class. These three classes total around 30 million Americans. About half are married in an effort to combine resources.

How do you appeal to each of these groups?

Actualizers

Appeal to their sense of independence and emphasize how it will enhance character.

Fulfilleds

Appeal to family issues, durability and value.

Believers

Appeal as an established brand, family issues.

Achievers

Appeal to their need to feel prestigious, image is important to them, also family and work.

Strivers

Appeal to the sense of attaining products they will feel important having.

Experiencers

Action! Appeal to a sense of youth and fun.

Makers

Appeal to function

Strugglers

Appeal to loyalty and security

Thanks to marketingteacher

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