Citi Retail Services (CRS) announced the results of its third-annual nationwide study on evolving consumer shopping trends during the holiday season. The survey of 1,000 U.S. adults found that this holiday season, in addition to rushing to the mall, consumers are increasingly powering up their computers and mobile devices or simply interacting with their virtual assistant.
Savers released its sixth annual Thrift Shopping Survey. A survey that explores you: the vintage visionary, the denim designer, the one-of-a-kind curator and the rack-combing, risk-taking, mold-breaking tastemaker. Beyond saving money and supporting our environment, thrifting is a movement and lifestyle that allows everyone to express their own style, whether quirky, romantic, bohemian or untamed. Thrift shopping is a trend that never goes out of style, and you can look good while doing good.
Budgeting for monthly expenses like groceries and utility bills is a no-brainer, but according to a new study conducted by Liberty Mutual Insurance, Americans aren’t budgeting for essential home or car maintenance. The research found that the majority (80%) of homeowners and (74%) of auto owners don’t have a plan or budget in place and tend to procrastinate or deal with home and car maintenance issues as they arise. In fact, almost half of Americans (48%) have less than $1,000 saved for home maintenance issues or repairs and one in three have no money saved. When it comes to auto maintenance, the majority of Americans (60%) are saving less than $500 and more than one-fourth aren’t setting aside any money at all.
More Americans than ever plan to hold on to their tax refunds this year rather than spending the money they get from the IRS, according to the annual tax refund survey released by the National Retail Federation and Prosper Insights & Analytics. This is good news for banks and credit unions!
Until recently, the personal savings rate for most U.S. consumers was dismal. This was especially true for younger consumers who may have been struggling with paying off student loan debt and trying to establish their own households. All that seems to have changed during the recession. Research to be published in The Journal of Consumer Affairs indicates that even younger consumers have realized the importance of a personal safety net.