Consumer Insight - September 2014

Income and Spending

income and spending consumer insight

 

WHAT

Mintel notes that consumer spending constitutes approximately 70 percent of GDP in the U.S., so it’s important for marketers to be aware of consumers’ financial situations and willingness to spend.

HOW

In the last couple of years, wages have been recovering to pre-recession levels, and the ability to return to building homes has helped the economy.

WHERE

Though consumers feel more confident spending what they make, priority lies in paying off bills and paying down student loans and credit card debt. People also are concerned about using their money to save for rainy days and retirement.

 
 

What Brands Can Do!

BRANDPACKAGING believes in brands helping consumers make meaningful purchases. We want your brand to sell at shelf, and we want consumers to feel good about what they buy, no matter what their income level or financial situation is. Make each transaction an experience for your customers.

 
 

Research provided by Mintel.
Mintel is a leading global supplier of consumer, product and media intelligence. For 40 years, Mintel has provided insight into key worldwide trends, offering exclusive data and analyses that directly impacts client success. Contact Mintel at info@mintel.com or 312-932-0400. www.mintel.com.
 

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Anyone who works (with the exception of volunteers, unpaid interns and the like) can bring home the bacon — even kids, thanks to lemonade stands and lawn mowers.

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