“…The traditional approaches to segmenting older consumers involve the use of demographic, socio-economic and psychographic variables such as: age bands (Treguer, 2002), lifestyle segmentation variables (Hesse, 1991), gerontographics (Moschis, 1993(Moschis, , 1996, level of professional and social activity (Weijters and Geuens, 2003), benefit segmentation (Haley, 1984;Tynan and Drayton, 1985;Loker and Perdue, 1992), discretionary income, discretionary time, response to others, and state of health (Bone, 1991).…”