
|
About BusinessMAP FSE
Purchase
Resources
|
![]()
ESRI’s Community Tapestry is one of the leading lifestyle
segmentation systems. Tapestry offers a rich means to understand and approach
the diversity of American neighborhoods by segmenting US households into one of
65 distinct market segments, nested within 12 overall LifeModes
or lifestyle summarization categories, along with 11 categories reflecting the
degree of urbanization. This is
based on the old “birds of a feather flock together” idea, that people who live
in close proximity to one another share characteristics that make them similar,
and at the same time, different from those who live elsewhere. BusinessMAP FSE features these
12 Tapestry Lifemodes, helping a bank identify customer potential by
lifestyle, and appropriately guide product and service offers, messaging and
communication based on this knowledge.
These lifestyle modes also help a bank understand which segment or small
group of segments is driving the success of the business or business line. The 12 Tapestry Lifemodes in BusinessMAP FSE include: LifeMode Group: L1 High Society The markets in High Society
are affluent and well educated. Although they represent slightly more than
twelve percent of all U.S. households, they generate nearly one quarter of the
total U.S. income. LifeMode Group: L2 Upscale Avenues Prosperity is the overriding
attribute. Like High Society, many in
this group are also well educated with above average earnings -- but success has
been earned from years of hard work, and the choice of housing among the
segments in this group reveals their distinct preferences. LifeMode Group: L3 Metropolis Metropolis households live and
work in America’s large and small cities. They live in older, single family
homes or row houses, and tend to own fewer vehicles and rely more on public
transportation where possible. This is a
more diverse group in terms of housing, age, and income. LifeMode Group: L4 Solo Acts The Solo Acts summary group
features singles that prefer The City Life. Many are young, start-up households
located in America’s more densely populated neighborhoods; some are
well-established singles that have eschewed home ownership and child-rearing
responsibilities. This group tends to be well educated, working professionals. LifeMode Group: L5 Senior Styles Almost 15 million households
in the nine Senior Styles segments comprise Tapestry’s largest summary group.
This large group illustrates the diversity within today’s “senior” markets.
Younger, affluent seniors, freed of their child-rearing responsibilities, are
traveling and relocating to warmer climates; while less affluent, settled
seniors are looking forward to retirement and remaining in their homes. LifeMode Group: L6 Scholars & Patriots This summary group is unique
in the Tapestry system. Their shared traits include youth, the attendant lower
incomes, and environment: college life or military service. LifeMode Group: L7 High Hopes High Hopes seek the “American
Dream” of home ownership and a rewarding job. Most live in single family houses
or multi-unit buildings; just under half own their homes. Many are willing to
move to a new location to seek better opportunities. Households in this group
include a mix of married couples, single parent families, or single persons. LifeMode Group: L8 Global Roots Global Roots is characterized
by ethnic diversity, with a strong Latino influence. In general, these
households are young, with modest incomes and tend to rent in multi-unit
dwellings. The youth of this group reflects recent immigration
trends; half of all households have immigrated to the U.S. within the past ten
years. LifeMode Group: L9 Family Portrait The Family Portrait group is
Tapestry’s fastest growing population.
Youth, family life, and the presence of children are the common
characteristics. The group is young and
ethnically diverse,.
Many own single family homes throughout these neighborhoods. LifeMode Group: L10 Traditional Living Traditional Living is “middle
America” -- hard-working, settled families. They work hard to earn a modest
living and typically own single family homes in more established
communities. Populations in these
neighborhoods are experiencing decline as the younger generations migrate in
search of better employment opportunities. LifeMode Group: L11 Factories & Farms Employment in manufacturing
and agricultural industries is typical in these small, settled communities
across America’s breadbasket. The rural South and Rustbelt areas change very
little over time, creating a climate with few employment opportunities that
hinders growth. LifeMode Group: L12 American Quilt American Quilt is predominantly rural, typically found in
America’s small towns and rural areas, especially in the South and West. They typically
own modest, single-family houses or mobile homes. |