Tagged: consumer behavior

June 22, 2024 @ 6:23 pm By Omar Faridi  |  

Discretionary spending hit as household cost pressures continue to mount according to the latest findings from KPMG UK‘s Consumer Pulse survey. As noted in the update, four in ten consumers say they’ve “cut back on non-essential spending, reducing their monthly discretionary budget by £77 on… Read More

June 3, 2024 @ 4:09 pm By Omar Faridi  |  

The EY Future Consumer Index (FCI), a global study surveying 23,000 consumers across 30 countries, including 1,500 in the US, indicated that US consumers are optimistic “about the future, with 77% of consumers noting that they think their lives are the same or better now… Read More

May 17, 2024 @ 8:56 am By Omar Faridi  |  

Deloitte’s 2024 Gen Z and Millennial Survey connected with nearly 23,000 respondents across 44 countries, examining the evolving circumstances shaping the workplace and the societal experiences of these generations globally. Elizabeth Faber, Deloitte Global Chief People & Purpose Officer, said: “This year’s survey spotlights two… Read More

April 4, 2024 @ 2:48 pm By Omar Faridi  |  

At a time when many reports seem to indicate that Canadians are tightening their wallets, a new survey released today from Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, found that “the vast majority of Canadians (82%) plan to… Read More

April 1, 2024 @ 12:31 pm By Omar Faridi  |  

U.S. retail bank customers are losing faith in their bank, and customer attrition is a concern. According to the J.D. Power 2024 U.S. Retail Banking Satisfaction Study, released recently, consumer trust in retail banks “has declined significantly during the past two years, with unexpected fees,… Read More

February 10, 2024 @ 6:05 pm By Omar Faridi  |  

Findings from the newly released Q4 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) reveal that credit card debt is “at a historical high, driven in part by Millennials further building on their credit portfolios.” This comes at a time when an anticipated reduction in interest… Read More

December 28, 2023 @ 8:56 am By Omar Faridi  |  

Bank of Ireland credit and debit card data for the first two weeks of December revealed that spending levels rose nationwide compared to the same period in 2022. Cavan shoppers engaged in “the biggest pre-Christmas splurge, with spending in the county rising by 11% during… Read More

December 27, 2023 @ 8:53 am By Omar Faridi  |  

The Autorité des Marchés Financiers (AMF) has published the 7th edition of its Savings and Investment Barometer on investment trends. After the sharp fall seen in 2022, more retail investors are “planning to invest in equities in 2023.” This renewed interest is being driven in… Read More

December 4, 2023 @ 7:55 am By Omar Faridi  |  

Visa (NYSE: V) announced the results of its 2023 U.S. edition of the Visa Global Travel Intentions Study, revealing emerging trends “in consumer behaviors and preferences for outbound and inbound cross-border travel.” Travel has surged post-COVID and there are “no signs of retreating, despite rising… Read More

November 11, 2023 @ 9:11 am By Omar Faridi  |  

With macroeconomic conditions continuing to make it difficult for auto lenders to maintain or increase profitability, all eyes have “turned to digital channels as the most cost-effective and efficient means to do so.” According to the J.D. Power 2023 U.S. Consumer Financing Satisfaction Study, released… Read More

November 3, 2023 @ 2:21 pm By Omar Faridi  |  

Americans are shopping earlier than ever before and leveraging flexible payments to manage their expenses during the holiday season according to newly released research from leading financial services company Zip Co (ASX: ZIP). The survey of more than 3,000 U.S. adults revealed “that 57% of… Read More

November 2, 2023 @ 12:54 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, released new data revealing shoppers’ priorities this holiday season. While consumers face continued economic uncertainty, the survey of 2,000 gen pop Americans revealed “they are still planning to spend: 3 in… Read More

October 23, 2023 @ 10:43 pm By Omar Faridi  |  

The scale of Christmas / holiday spending cutbacks due to the cost of living is highlighted in new research from KPMG UK – which shows consumer intention “to cut back on buying gifts, groceries and socializing.” Over 2600 UK consumers were surveyed for KPMG –… Read More

September 26, 2023 @ 8:52 am By Omar Faridi  |  

Nearly nine in ten Americans believe it is time to update the financial system, but progress is being slowed “by resistance of those in power who embrace the status quo: outdated systems that limit economic freedom and opportunity for everyday Americans,” according to an updatre… Read More

September 18, 2023 @ 11:52 am By Omar Faridi  |  

The unstable financial markets in the United States during the past few years have people keeping a wary eye on their retirement accounts and, increasingly, they are doing so via mobile apps, the team at J.D. Power notes. According to the J.D. Power 2023 U.S…. Read More

September 18, 2023 @ 8:45 am By Omar Faridi  |  

The scams deluge that flourished during the COVID-19 pandemic and proliferates yet today has heightened the public’s fraud anxiety. Rampant fraud is also “reshaping individuals’ expectations about organizations’ obligations to protect them – and the compromises they are willing to make to enhance security” –… Read More

September 4, 2023 @ 12:15 pm By Omar Faridi  |  

A new Experian report shows consumers are continuing to opt for shorter term loans. In the second quarter of 2023, captives reportedly “regained the lion’s share of total vehicle financing, outpacing banks and credit unions.” According to Experian’s State of the Automotive Finance Market Report:… Read More

August 21, 2023 @ 9:56 pm By Omar Faridi  |  

As Americans face record-high credit card debt and fees, nearly three in four (73%) say credit cards make it challenging to manage their finances, according to a new survey conducted by OnePoll and commissioned by Affirm (NASDAQ: AFRM) the payment network that empowers consumers and… Read More

August 20, 2023 @ 10:16 pm By Omar Faridi  |  

Inflation does not affect most investors, according to an update from PeerBerry. Available data shows (via an investor survey conducted by their platform last month), that 52% of the surveyed investors “do not change their investment habits and keep their previous investment volumes. 21% of… Read More

August 14, 2023 @ 1:50 pm By Omar Faridi  |  

At the mid-point of 2023, Gen Z consumers (born between 1995 and 2005) increasingly find themselves with new access to credit products. The newly released Q2 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) shows “that relative to the consumer population as… Read More