Tag

Consumer Survey

All articles tagged with #consumer survey

economy2 years ago

US Consumer Sentiment Continues to Decline Amid Lingering Inflation Concerns

US consumer sentiment has dropped for the fourth consecutive month in November, while inflation expectations have risen, according to the University of Michigan's consumer survey. Consumers anticipate inflation to accelerate to 4.5% over the next year and 3.2% over a five-year horizon, the highest level since 2011. Despite the recent slowdown in inflation, consumers remain concerned that it could reverse in the future. The burden of inflation is disproportionately affecting low-income Americans, who struggle to cope with rising prices for everyday necessities.

economy2 years ago

"Smart Strategies for Saving on Back-to-School Expenses"

Parents in the U.S. are expecting higher back-to-school expenses this year due to inflation, with 75% of respondents planning to spend more on school supplies and new clothes compared to last year, according to a survey by ICSC. The average spending on back-to-school items is projected to be $969, with electronics being the highest expense at $260. The survey also revealed that inflation and rising prices will influence purchasing decisions, with seven out of 10 parents planning to shop at discount stores. Despite concerns about inflation, retailers are optimistic about a successful back-to-school season.

finance2 years ago

Navigating the Complexities of Inflation Expectations and Stock Market Performance.

Despite the decrease in headline inflation, consumers' expectations about future inflation have been increasing, with the median expectation being a 3.1% annualized pace over the next five years, the highest reading since 2008. However, this could be good news for the stock market as inflation expectations are a contrarian indicator for the market and the economy.

business2 years ago

Consumer Survey and FBI Report Reveal Alarming Rise in US Fraud and Scams Targeting Elderly

A recent consumer survey has found that fraud in the United States has reached a crisis level, with 76% of respondents reporting that they have been targeted by fraudsters. The survey also revealed that financial losses due to fraud have increased, with the average loss per person being $1,205. Cybersecurity was identified as a major concern, with 67% of respondents saying they worry about their personal information being stolen online.

technology2 years ago

Apple Watch Users Show High Loyalty and Willingness to Spend on Upgrades

A new report from Counterpoint Research shows that Apple Watch has the highest stickiness for any smartwatch brand, with almost 80% of iPhone owners who use a smartwatch using an Apple Watch. The report also reveals that 77% of respondents are planning to buy an Apple Watch as their next smartwatch, with 50% planning to purchase a new model within the next year. Additionally, 40% of Samsung smartphone users who own a smartwatch use a Samsung Galaxy Watch. The report concludes that the share of respondents willing to pay $500 or more for their next smartwatch was double the share of those who stated they spent $500 or more on their current smartwatch, suggesting rising ASPs for the segment.

technology2 years ago

"Top iPhone Deals and Models of 2023 Revealed in Latest Study"

According to a recent consumer survey by CIRP, the iPhone 14 Pro and Pro Max were the most popular models in the US for Q1 2023, with a combined 46% share of total iPhone purchases. The iPhone 14 was the third most popular with 19% of the total. The iPhone 14 Pro's share jumped from 15% in Q4 2022 to 22% for Q1, becoming more popular than the more affordable iPhone 14. The iPhone 14 lineup made up an impressive 75% of total iPhone purchases, an increase over the 71% that the iPhone 13 lineup garnered a year ago.

economy2 years ago

Fed survey reveals tightening credit and rising inflation expectations.

US consumers are feeling that credit is becoming harder to obtain, according to a survey by the Federal Reserve Bank of New York. The survey also found that inflation expectations for the year ahead increased, while longer-term expectations decreased. Consumers' expectations of higher unemployment also increased, but fewer people anticipated they would leave their job.