Type to search

Consumer strategies for saving money

News

Consumer strategies for saving money

Share

Now that the recession is largely over, Nielsen has released a study that has assessed whether consumers are ready to start spending money again.

The study, ‘Global Consumer Strategies for Saving Money’ surveyed 27,000 consumers in 55 markets to get a better sense of whether steps are still being taken to save money in view of uncertain economic conditions.

A major finding of the study was that consumers are holding onto financial techniques picked up during the recession. These included tactics such as buying items on sale (57%), using coupons (40%), shopping at value retailers (37%), shopping close to home/work (25%) and stocking up on shopping items (22%).

Consumers also admitted to still buying purchases on credit. Globally 19% of consumers said that they use credit cards more often than last year, however 31% of North Americans and 30% of Latin Americans admitted to using their credit cards less than the previous year.

Other findings included half of the respondents admitting to eating out less often than the year before – particularly in Latin America, North America, Europe and the Middle East. Asia Pacific however, showed a 5% higher rate than the global average for eating out.

Leave a Comment

Marketing Mag
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.