Data Center > Research
SaveE-mailPrintMost PopularRSSReprints

Who's Cutting Back on What

Oct 28, 2009

- Mark Dolliver


It's common knowledge that consumers have been trying to economize in the past year. But where have they been focusing their efforts at austerity? Inquiring about specific money-saving steps respondents may or may not have taken in past six months, a new Harris Poll gives some indications.

Among the choices presented, the most popular has been "purchasing more generic brands," with 64 percent saving they've done this in the past six months. Just under half (47 percent) said they've been "brown-bagging lunch instead of purchasing it," and nearly as many (43 percent) said they've been "going to the hairdresser/barber/stylist less often." Fewer said they'd "switched to refillable water bottle instead of purchasing bottle of water" (36 percent), "cut down on dry cleaning" (22 percent) or "canceled or cut back cable television service" (21 percent).

At the bottom of the rankings were "canceling landline phone service and using only cell phone" (12 percent), "begun carpooling or using mass transit" (14 percent) and "changed or canceled cell phone service" (15 percent).

Comparing the current poll (fielded earlier this month) to a similar one conducted in June, one sees no reason to believe that consumers have been easing up on their tight-fistedness in recent months. Indeed, brown-bagging lunch was the only category not showing a rise in the number of people saying they'd adopted the money-saving behavior (and it was unchanged from June).

The sharpest rise came in the number who'd "stopped purchasing coffee in the morning," from 15 percent in June to 20 percent now. There were also significant increases in the number of respondents saying they'd "canceled one or more magazine subscriptions" (from 29 percent then to 34 percent now) or "canceled a newspaper subscription" (from 17 percent to 21 percent).

The polling found significant variations among different age cohorts in the incidence of some penny-pinching actions. The poll's 18-32-year-olds were the least likely to have been buying more generic products in the past six months (58 percent), and those 64 and older were the most likely to have been doing so (67 percent). But the 18-32s were the most likely to have started car pooling or taking public transit (24 percent).

If baby boomers look especially unkempt these days, maybe it's because the 45-63-year-olds had an above-average number of respondents saying they've been going to the hairdresser/barber/stylist less often (47 percent) and have cut back on dry cleaning (28 percent). The poll's 33-44-year-olds were the most likely to say they'd stopped buying a coffee in the morning (25 percent).

In some cases, variations in cutbacks simply reflect the differing proportions of people who tended to buy something in the first place. Thus, respondents in the 64-plus age group, which tends to have lots of regular newspaper readers, were more than twice as likely as the 18-32-year-olds to say they'd canceled a newspaper subscription in the past six months (28 percent vs. 12 percent).


Who's Cutting Back on What

Oct 28, 2009

- Mark Dolliver


It's common knowledge that consumers have been trying to economize in the past year. But where have they been focusing their efforts at austerity? Inquiring about specific money-saving steps respondents may or may not have taken in past six months, a new Harris Poll gives some indications.

Among the choices presented, the most popular has been "purchasing more generic brands," with 64 percent saving they've done this in the past six months. Just under half (47 percent) said they've been "brown-bagging lunch instead of purchasing it," and nearly as many (43 percent) said they've been "going to the hairdresser/barber/stylist less often." Fewer said they'd "switched to refillable water bottle instead of purchasing bottle of water" (36 percent), "cut down on dry cleaning" (22 percent) or "canceled or cut back cable television service" (21 percent).

At the bottom of the rankings were "canceling landline phone service and using only cell phone" (12 percent), "begun carpooling or using mass transit" (14 percent) and "changed or canceled cell phone service" (15 percent).

Comparing the current poll (fielded earlier this month) to a similar one conducted in June, one sees no reason to believe that consumers have been easing up on their tight-fistedness in recent months. Indeed, brown-bagging lunch was the only category not showing a rise in the number of people saying they'd adopted the money-saving behavior (and it was unchanged from June).

The sharpest rise came in the number who'd "stopped purchasing coffee in the morning," from 15 percent in June to 20 percent now. There were also significant increases in the number of respondents saying they'd "canceled one or more magazine subscriptions" (from 29 percent then to 34 percent now) or "canceled a newspaper subscription" (from 17 percent to 21 percent).

The polling found significant variations among different age cohorts in the incidence of some penny-pinching actions. The poll's 18-32-year-olds were the least likely to have been buying more generic products in the past six months (58 percent), and those 64 and older were the most likely to have been doing so (67 percent). But the 18-32s were the most likely to have started car pooling or taking public transit (24 percent).

If baby boomers look especially unkempt these days, maybe it's because the 45-63-year-olds had an above-average number of respondents saying they've been going to the hairdresser/barber/stylist less often (47 percent) and have cut back on dry cleaning (28 percent). The poll's 33-44-year-olds were the most likely to say they'd stopped buying a coffee in the morning (25 percent).

In some cases, variations in cutbacks simply reflect the differing proportions of people who tended to buy something in the first place. Thus, respondents in the 64-plus age group, which tends to have lots of regular newspaper readers, were more than twice as likely as the 18-32-year-olds to say they'd canceled a newspaper subscription in the past six months (28 percent vs. 12 percent).
Post a Comment
Asterisk (*) is a required field.
* Author:
* Comment:
 
The opinions expressed in comments are those of the individual poster. They do not necessarily reflect the views of Adweek or Nielsen Business Media. Attacks of a personal nature and comments that are otherwise inappropriate may be removed.

Other

2000s

Vote for Decade's Best Ads, Agencies and More

November 20, 2009

The editors at AdweekMedia will select the best marketing, media and agency performances from 2000 to 2009. And we want your picks, too. Read Full Article



Our ProductsOur Products

ADWEEK DAILY UPDATE

Receive a comprehensive roundup of the biggest stories of the day.

BREAKING NEWS ALERTS

Sign up to be the first to hear about the biggest breaking news stories.

SUBSCRIBE

Stay connected to what's happening in the advertising industry with delivery of the print edition and complete online access.




Adweek Advertising Home | Advertising Industry News | Creative TV Advertising | Advertising Industry Community | Video Advertising | Advertising Data Center | Advertising Special Reports | Advertising Careers | Advertising Products | Advertising About Us | Advertising Business Statements | Advertising Contact Us | Advertising Opportunities | Ad Licensing | Advertiser FAQ | Advertising Magazine Subscriptions | Subscriber FAQs | Advertising News RSS | Online Ad Site Map | Mobile

© 2009 Nielsen Business Media, Inc. All rights reserved. Terms of Use  |   Privacy Policy