Consumers Cutting Back


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Consumers Cutting Back


Mar 8, 2010 by Mark Maier

What have you done lately to save money?  The Center For Media Research released information from American Express on where consumers have cut back which could help you market solutions to your audience and help your clients....

Spending/Savings Over Past Six Months - By Generation (Considered In Order To Save Money)

 

% of Generation Saying "Have Done" (rounded)

 

Total

EchoBoomers (18-33)

Gen. X (34-45)

BabyBoomers (46-64)

Matures (65+)

Purchasing more generic brands

63%

60%

66%

63%

61%

Brown bagging lunch instead of purchasing it

45

51

56

46

20

Going to the hairdresser/barber/stylist less often

39

39

43

38

35

Switched to refillable water bottle instead of purchasing bottle of water

34 40

37

31

28

 

Cancelled one or more magazine subscriptions

33

24

31

36

45

Cut down on dry cleaning

22

18

24

21

27

Cancelled or cut back cable television service

22

24

26

22

14

Stopped purchasing coffee in the morning

21

25

27

19

14

Cancelled a newspaper subscription

19

16

20

20

20

Changed or cancelled cell phone service

17

19

20

17

11

Cancelled landline phone service and only using cell phone

15

20

16

15

6

Begun carpooling or using mass transit

14

26

16

7

4

Source: The Harris Poll, January 2010


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