consumer snapshot december 2014
TRANSCRIPT
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sentiment strategy
december 2014
Disclaimer: Prosper Business Development and its affiliated companies (“Prosper”) make no warranties, either expressed or implied, concerning: data gathered or obtained from any source; the present or future methodology employed in producing the statistics; or the data and estimates represent only the opinion of Prosper and reliance thereon and use thereof shall be at the user’s own risk.
holiday
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sentiment
consumer sentiment confidence continues to climb in December, reaching a
7+ year high of 47.2% confident or very confident in chances for a strong economy (Jul-07 = 47.8%)
very confident/confident in chances for a strong economy {adults 18+}
Source: Prosper Insights & Analytics
13 month summary look for New Year sentiment to sustain or push confidence
higher in January – February/March will be more telling indicators of consumers’ moods and willingness to spend
37.9%
47.2%
30%
32%
34%
36%
38%
40%
42%
44%
46%
48%
50%
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sentiment very confident/confident in chances for a strong economy {adults 18+}
holiday optimism with the holiday shopping season in full swing,
confidence is up about 25% over Dec-13 and on par with pre-recession Dec-06 (46.9%)
Source: Prosper Insights & Analytics
consumer sentiment confidence continues to climb in December, reaching a
7+ year high of 47.2% confident or very confident in chances for a strong economy (Jul-07 = 47.8%)
13 month summary look for New Year sentiment to sustain or push confidence
higher in January – February/March will be more telling indicators of consumers’ moods and willingness to spend
46.9
%
20.0
%
37.9
%
47.2
%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
© 2014, Prosper® www.ProsperDiscovery.com
strategy practicality & focus on needs {adults 18+}
practical purchases with sentiment picking up this month, practicality tapers off, with 40.1% citing pragmatic purchase
intentions, down a point from November
Source: Prosper Insights & Analytics
practicality is down 15%+ from a year ago
all I WANT for Christmas… focus on necessities dips three points from November to 44.5% this month, also dropping 15%+ from Dec-13
improving confidence, a better outlook for jobs, decreasing gas prices, and lack of government
interference (i.e. shutdown, Fiscal Clif f, debt crisis) point to a happy holiday season for retailers
47.9%
40.1%
52.5%
44.5%
30%
35%
40%
45%
50%
55%
I have become more practical and realistic in my purchases
I focus more on what I NEED rather than what I WANThowever, consumers remain focused on financials –
keeping debt under control, padding piggy banks, watching for sales
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holiday 2014 coupons: top media influencer on holiday shopping {by generation}
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Source: Monthly Consumer Survey
top media influencers for holiday 2014 overall: coupons, followed by TV/broadcast, email advertising,
word of mouth, direct mail, and advertising inserts
Millennials (1983 – 1996), Gen X (1965 – 1982), Boomers (1946 – 1964), Silent (born pre-1946)
38.4%
37.2%
38.9%
38.8%
37.2%
36% 37% 38% 39% 40%
Adults 18+
Millennials
Gen X
Boomers
Silent
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clipping coupons cut coupons out of advertising inserts {by generation}
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Source: Media Behaviors & Influence™ Survey
clipping coupons the “old fashioned way” Millennials are more than 30% less likely to clip coupons out
of advertising inserts than Boomer and Silent generations
Millennials (1983 – 1996), Gen X (1965 – 1982), Boomers (1946 – 1964), Silent (born pre-1946)
69.0%
49.8%
68.0%
79.7%
80.1%
0% 20% 40% 60% 80% 100%
Adults 18+
Millennials
Gen X
Boomers
Silent
top media influences for holiday 2014 overall: coupons, followed by TV/broadcast, email advertising,
word of mouth, direct mail, and advertising inserts
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clipping coupons scan coupons on mobile device at checkout {by generation}
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Source: Media Behaviors & Influence™ Survey
digital savings while clipping coupon is the most popular method for
redemption, digital savings will likely grow in popularity in years to come
Millennials (1983 – 1996), Gen X (1965 – 1982), Boomers (1946 – 1964), Silent (born pre-1946)
17.9%
24.3%
24.8%
12.2%
2.6%
0% 5% 10% 15% 20% 25% 30%
Adults 18+
Millennials
Gen X
Boomers
Silentmore tech-savvy Millennials and Gen X-ers are twice as likely to scan coupons from a mobile device compared to
Boomers
clipping coupons the “old fashioned way” Millennials are about 30%+ less likely to clip coupons out of
advertising inserts than Boomer and Silent generations
top media influences for holiday 2014 overall: coupons, followed by TV/broadcast, email advertising,
word of mouth, direct mail, and advertising inserts
© 2014, Prosper® www.ProsperDiscovery.com
thanks
visit ______________________to access: Consumer Snapshot InsightCenter™ PowerPoint Slides …and more
Pam Goodfellow Consumer Insights Director
Prosper Insights & Analytics™ [email protected] ProsperDiscovery.com
ConsumerSnapshot.com
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