Consumer Trends
Seasonal Wrap Up
Consumers are navigating many things in the world today, from mental health issues to the impact of inflation. In 2023, we are continuing to track current consumer experiences on various topics. Our latest Consumer Trends Report is titled, "Seasonal Wrap Up." The latest report measures consumer emotions and wellbeing around the topics of holiday shopping and travel, elections, mental health, and financial wellbeing. Below are some results from the latest study. If you would like a complimentary copy of the report, you can download it here, or you can reply to this email and we would be happy to email it to you.
Holiday Shopping
Americans will be cautious with their spending this holiday season. More than 2 in 5 say they plan to spend less than they spent last year, with half of those saying “much less” (not shown).
The shift from brick-and-mortar spending to online spending continues. On average in 2023, consumers feel they will spend slightly more than half of their holiday dollars online. This is an increase from 2022’s expectations to spend slightly less than half online.
Holiday Travel
Just over one-fourth of Americans have either definite or tentative plans to travel during the 2023 holiday season. Both road trips and air travel will be common and may be coupled with other forms of transportation. Nearly half are going at least 250 miles from home. Destination vacations are more popular than staying in someone else’s home. As shown later in this report, most holiday travel will involve spending time with family.
Looking Ahead to Election Season
Most consumers say they are registered to vote and plan to vote in the 2024 presidential election in the United States.
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Feelings about the presidential election are troubling. Nearly half are “concerned,” with one-fourth saying they feel “fearful.” Some have positive feelings, but negative attitudes are more common with the election one year away.
Mental Health/Stress
It’s possible that mental health is slipping based on the recent decline in the proportion who report their own mental health to be “excellent.” We will continue monitoring this over time.
The amount of stress consumers report feeling has remained relatively steady over time. Consistent with data from earlier this year, stress is mainly stemming from the rising cost of food/housing and inflation concerns.
Financial Cutbacks
Cutbacks due to inflation continue and mirror the same pattern over time. Eating out, food/grocery purchasing, and clothing/shoes/accessories remain the top cutbacks.
Download a complimentary copy of Consumer Insights: Seasonal Wrap Up. For more information, please contact: Bonnie Janzen at [email protected] or (817) 640-6166 or Felicia Rogers at [email protected] or (817) 640-6166.
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7 个月I am really sorry to Steve and Nicole that I led them, honestly and truthfully, to believe I would bring my business to them on account of the failure of my local Linthicum Heights brick and mortar comic book store Cosmic Comix, but I reconciled with the Owner(s) because I was wrong and He was right all along, and even if I were to being my patronage to Third Eye Comics in Annapolis I would be carrying along my emotional baggage and personal flaws. I reluct to ruin your ambience.
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