Harris Poll 65 - Spending_12 5 12

7/27/2019 Harris Poll 65 - Spending_12 5 12

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Harris Interactive

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2012 Harris Interactive All rights reserved.

Few Spending Habit Differences Year Over Year

Majorities still reducing spending on eating out and entertainment

NEW YORK, N.Y. December 5, 2012Every day Americans have to make small decisions about spending as

well as saving money. Are they going to get that latte in the morning? Go out for dinner tonight? Take that

found $20 and put it in their savings or go to the movies? As the economy has sputtered, these decisions have

become part of peoples everyday thought process - but are there signs that people might be more willing to

spend? Three in five Americans (59%) say that within the next six months they are likely to decrease spending on

eating out at restaurants, similar to the number who said this in November of last year (61%). Additionally, just

over half (55%) say they plan on reducing spending on entertainment in the next 6 months; while this does

represent a majority, it is also the lowest this number has been since the question was first asked in Novemberof 2008.

These are some of the results ofThe Harris Pollof 2,383 adults surveyed online between November 14 and 19,

2012 byHarris Interactive.

Overall, three in ten (30%) Americans say they are likely to have more money to spend the way they want over

the next six months, up from 26% who said this last November. And holding steady is the half of U.S. adults

(50%) who say they anticipate saving or investing more money in the next six months. Looking at some larger

spending items U.S. adults expect that they will do in the next six months:

Three in ten Americans (29%) say they will likely take a vacation away from homing lasting longer than a

week, same as last November;

One-quarter (24%) anticipate buying a new computer; 23% said this in November, 2011;When it comes to moving, 16% anticipate moving to a different residence (14% last November) and 8%

anticipate purchasing a house or condo (7% last November);

Over one in ten (13%) expect that they will buy or lease a newly manufactured car, truck or van (12% in

November, 2011) and 5% anticipate buying a boat or recreational vehicle (up from 3% last November);

and,

Less than one in ten U.S. adults (8%) plan on starting a new business (6% in November, 2011).

Small ticket spending

There are also smaller changes people can make in their spending. When asked about a list of 12 changes people

could make to save money, there are some changes that have taken place over the last year. Some of theresults include:

57% of U.S. adults say they have been purchasing more generic brands over the past six months, which

is down from the 61% who said so in December, 2011;

Two in five (41%) now say they are brown bagging lunch, which is about the same as the 42% who said

so last December;
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One-third of Americans report switching to refillable water bottles rather than purchasing bottles of

water (33%) and one in five stopped purchasing coffee in the morning (20%), up slightly from the 31%

and 17%, respectively, who said so in December, 2011;

In terms of media consumption, over one-quarter of Americans have canceled one or more magazine

subscriptions (27%, up from 25%), one in five have canceled or cut back on cable television service (21%,

no change from 2011), and 16% have canceled a newspaper subscription (15% in December 2011);Looking at communications, 16% have cancelled landline service and are only using a cell phone (up

from 14% in December, 2011) and 14% of U.S. adults have changed or cancelled their cell phone service

(no change from last year);

Over a third of Americans are still cutting back on going to the hairdresser, barber or stylist (38%) and

about one in five are cutting down on their dry cleaning (18%). Both numbers are similar than last year

(37% and 19% respectively); and,

14% report that they began carpooling or using mass transit, which is similar to last year, though this

number is less telling as in suburban or rural areas these may not be viable options.

So What?

Feelings on the economy shift quickly as various events, usually well out of the control of Americans, happen

around them. The EuroZone has austerity issues and this impacts the stock markets, which can give someone

pause to go to the movies next weekend. One thing that U.S. adults, as well as the rest of the world, are

watching is the fiscal cliff. The closer the United States gets to going over that cliff, the more jittery Americans

are going to be about spending money. So far this fear has not put much of a damper on early holiday shopping,

but that can change as both Christmas and the cliff get closer.

TABLE 1

SPENDING/SAVINGS OVER NEXT SIX MONTHS

How likely will you be to do the following within the next 6 months?

Base: All U.S. adults

LIKELY

(NET)

Very

likely

Somewhat

Likely

NOT

LIKELY

(NET)

Not

that

likely

Not at

all likely

Decrease spending on eating out at

restaurants% 59 24 35 41 22 18

Reduce spending on entertainment % 55 23 31 45 24 22

Save or invest more money % 50 17 33 50 23 27

Have more money to spend the way you want % 30 7 23 70 30 40

Take a vacation away from home lasting

longer than a week% 29 12 17 71 20 51

Buy a new computer % 24 7 17 76 25 51

Move to a different residence % 16 5 11 84 14 71Buy or lease a newly manufactured car, truck

or van% 13 4 9 87 14 73

Purchase a house or condo % 8 3 6 92 9 83

Start a new business % 8 3 5 92 11 82

Buy a boat or recreational vehicle (e.g. trailer,

motor home)% 5 1 4 95 6 89

Note: Percentages may not add to 100% due to rounding


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TABLE 2

SPENDING/SAVINGS OVER NEXT SIX MONTHS - TREND

How likely will you be to do the following within the next 6 months?

Percent saying Very/Somewhat Likely

Base: All U.S. adults

Nov

2008

March

2009

May

2009

Sept.

2009

Dec.

2009

May

2010

Sept.

2010

Jan.

2011

May

2011

Nov.

2011

Nov

2012

Decrease spending on

eating out at restaurants% 65 74 66 67 62 64 66 63 61 61 59

Reduce spending on

entertainment% 64 74 64 67 58 62 62 59 59 58 55

Save or invest more money % 49 50 53 50 53 52 52 49 51 51 50

Have more money to

spend the way you want% 25 21 26 25 27 27 28 30 28 26 30

Take a vacation away from

home lasting longer than a

week

% 29 35 36 28 35 36 31 36 34 29 29

Buy a new computer % 22 22 21 19 23 20 21 22 25 23 24

Move to a different

residence% 18 20 19 14 17 19 17 21 19 14 16

Buy or lease a newly

manufactured car, truck or

van

% 12 11 12 10 12 12 12 14 14 12 13

Purchase a house or condo % 10 10 9 8 8 7 10 10 9 7 8

Start a new business % 9 10 8 7 7 6 10 10 10 6 8

Buy a boat or recreational

vehicle (e.g. trailer, motor

home)

% 5 5 5 4 4 3 6 7 6 3 5

Note: Percentages may not add to 100% due to rounding


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Methodology

This Harris Poll was conducted online within the United States between November 14 and 19, 2012 among

2,383 adults (aged 18 and over). Figures for age, sex, race/ethnicity, education, region and household income

were weighted where necessary to bring them into line with their actual proportions in the population.

Propensity score weighting was also used to adjust for respondents propensity to be online.

All sample surveys and polls, whether or not they use probability sampling, are subject to multiple sources of

error which are most often not possible to quantify or estimate, including sampling error, coverage error, error

associated with nonresponse, error associated with question wording and response options, and post-survey

weighting and adjustments. Therefore, Harris Interactive avoids the words margin of error as they are

misleading. All that can be calculated are different possible sampling errors with different probabilities for pure,

unweighted, random samples with 100% response rates. These are only theoretical because no published polls

come close to this ideal.

Respondents for this survey were selected from among those who have agreed to participate in Harris

Interactive surveys. The data have been weighted to reflect the composition of the adult population. Because

the sample is based on those who agreed to participate in the Harris Interactive panel, no estimates oftheoretical sampling error can be calculated.

These statements conform to the principles of disclosure of the National Council on Public Polls.

The results of this Harris Poll may not be used in advertising, marketing or promotion without the prior written

permission of Harris Interactive.

J42318

Q730, 735

The Harris Poll#XX, December 5, 2012

By Regina A. Corso, SVP, Harris Poll and Public Relations, Harris Interactive

About Harris Interactive

Harris Interactive is one of the world's leading market research firms, leveraging research, technology, and

business acumen to transform relevant insight into actionable foresight. Known widely for the Harris Poll and

for pioneering innovative research methodologies, Harris offers proprietary solutions in the areas of market and

customer insight, corporate brand and reputation strategy, and marketing, advertising, public relations and

communications research. Harris possesses expertise in a wide range of industries including health care,

technology, public affairs, energy, telecommunications, financial services, insurance, media, retail, restaurant,

and consumer package goods. Additionally, Harris has a portfolio of multi-client offerings that complement our

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and territories through our North American and European offices, Harris specializes in delivering researchsolutions that help us - and our clientsstay ahead of what's next. For more information, please visit

www.harrisinteractive.com.
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Harris Poll 65 - Spending_12 5 12