SlideShare a Scribd company logo
1 of 8
Download to read offline
Shoppers’ Financial Outlooks and
Purchasing Behaviors 2017
IRI Consumer Connect™ Survey
Q4 2016
Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 2
Survey Methodology
•  IRI’s Consumer Connect survey provides a quarterly snapshot
of shoppers’ behaviors and attitudes as they directly relate to
their strategies for learning about, purchasing and utilizing
CPG and health care products, as well as information regarding
perceptions of economic conditions and their ability to provide
for their families.
•  Consumer Connect is an internet-based survey of more than
2,000 respondents from a nationally representative panel of
participants.
•  For more results, visit the IRI website.
Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 3
Seventy percent of consumers expect their household
financial health to improve in the next six months.
Source: IRI Consumer Connect™ Survey, Q4 2016
11%
18%
38%
33%
65+
55-64
35-54
18 - 34
21%
25%
24%
24%
$100K+
$55K-$99K
$35K-$55K
<$35K
14%
61%
24%
3%
Hispanic
White/Caucasian
Black/African
American
Asian
Younger… From across income segments…
From diverse ethnic backgrounds…
Tweet this: 70 percent of consumers expect their household financial health to improve in the next 6
months #ConsumerConnect @IRIWorldwide
Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 4
Thirty percent of consumers expect their household
financial health to deteriorate in the next six months.
Source: IRI Consumer Connect™ Survey, Q4 2016
25%
22%
45%
8%
65+
55-64
35-54
18-34
9%
15%
10%
55%
$100K+
$55K-$99K
$35K-$55K
<$35K
7%
82%
7%
3%
Hispanic
White/Caucasian
Black/African
American
Asian
Older… From lower-earning households…
From predominantly Caucasian background…
Tweet this: 30% of consumers expect their household financial health to deteriorate in the next 6 months
#ConsumerConnect @IRIworldwide
Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 5
Optimistic households will pay more for products with
bells and whistles.
Willingness to Pay a Premium for Products
% of Consumers
14%
17%
19%
22%
35%
19%
29%
32%
41%
49%
30%
40%
43%
57%
62%
Anti-aging beauty care products
Natural and organics food/beverages
Household cleaners with environmentally friendly
ingredients
Food and beverages with additional benefits
OTC medications that treat multiple symptoms
Improving Finances
Total
Deteriorating Finances
Source: IRI Consumer Connect™ Survey, Q4 2016
Tweet this: Optimistic households will pay more for products with bells and whistles #ConsumerConnect
@IRIworldwide
Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 6
They will also pay more to join the e-tail world.
Willingness to Pay a Premium for Online
% of Consumers
18%
6%
20%
10%
33%
18%
Buy online and receive home delivery
Buy online and pick up in store
Improving Finances
Total
Source: IRI Consumer Connect™ Survey, Q4 2016
Tweet this: Optimistic households will pay more for premium products they can buy online
#ConsumerConnect #ecommerce @IRIworldwide
Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 7
Households that expect their finances to deteriorate are
more entrenched in money-saving behaviors than the
general population.
Shopping Behaviors
% of Consumers
61%
64%
75%
77%
85%
50%
57%
68%
72%
81%
Compare prices in retailers' websites to find the
lowest price
Visit multiple retailers to keep grocery bill low
Compare prices in retailers' weekly circulars to find
the lowest price
Try new lower-priced brands to save money
Buy private label to save money
Total Deteriorating
Finances
Source: IRI Consumer Connect™ Survey, Q4 2016
Tweet this: Households that expect finances to deteriorate, more entrenched in money-saving
behaviors than gen. pop. #ConsumerConnect @IRIworldwide
Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 8
Contact
Shelley Hughes
Vice President, Media Relations
Shelley.Hughes@iriworldwide.com
Susan Viamari
Vice President, Thought Leadership
Susan.Viamari@iriworldwide.com
Tweet this: Shoppers’ Financial Outlooks and Purchasing Behaviors 2017
#ConsumerConnect @IRIworldwide – Read the full report here

More Related Content

What's hot

What's hot (10)

2016 UK state of the nation update by IRI
2016 UK state of the nation update by IRI 2016 UK state of the nation update by IRI
2016 UK state of the nation update by IRI
 
Snapshot of consumer behaviors of Oct 2020 EOL i-survey
Snapshot of consumer behaviors of Oct 2020 EOL i-surveySnapshot of consumer behaviors of Oct 2020 EOL i-survey
Snapshot of consumer behaviors of Oct 2020 EOL i-survey
 
Menu Trends Spring/summer 2018
Menu Trends Spring/summer 2018Menu Trends Spring/summer 2018
Menu Trends Spring/summer 2018
 
Snapshot of consumer behaviors of Jan 2021 eol i-survey (EN)
Snapshot of consumer behaviors of Jan 2021 eol i-survey (EN)Snapshot of consumer behaviors of Jan 2021 eol i-survey (EN)
Snapshot of consumer behaviors of Jan 2021 eol i-survey (EN)
 
Savills Vietnam - Retail Sector Evolution
Savills Vietnam - Retail Sector EvolutionSavills Vietnam - Retail Sector Evolution
Savills Vietnam - Retail Sector Evolution
 
MSPARK MARKETING TRENDS MONITER
MSPARK MARKETING TRENDS MONITERMSPARK MARKETING TRENDS MONITER
MSPARK MARKETING TRENDS MONITER
 
eCommerce evolution: The State of Digital Retail
eCommerce evolution: The State of Digital RetaileCommerce evolution: The State of Digital Retail
eCommerce evolution: The State of Digital Retail
 
Snapshot of consumer behaviors of Feb 2021 EOL i-survey (en)
Snapshot of consumer behaviors of Feb 2021 EOL i-survey (en)Snapshot of consumer behaviors of Feb 2021 EOL i-survey (en)
Snapshot of consumer behaviors of Feb 2021 EOL i-survey (en)
 
CEO Survey Distribution & Biens de Consommation (2014)
CEO Survey Distribution & Biens de Consommation (2014)CEO Survey Distribution & Biens de Consommation (2014)
CEO Survey Distribution & Biens de Consommation (2014)
 
eCommerce Today: A State of the Industry
eCommerce Today: A State of the IndustryeCommerce Today: A State of the Industry
eCommerce Today: A State of the Industry
 

Similar to Shoppers' Financial Outlooks and Purchasing Behaviors 2017

20200407 asia covid 19 - grocery retail survey - south korea v final-ds v2
20200407 asia covid 19 - grocery retail survey - south korea v final-ds v220200407 asia covid 19 - grocery retail survey - south korea v final-ds v2
20200407 asia covid 19 - grocery retail survey - south korea v final-ds v2
DaniellaSeiler
 
20200330 asia covid 19 - grocery retail survey - indonesia v final-ds
20200330 asia covid 19 - grocery retail survey - indonesia v final-ds20200330 asia covid 19 - grocery retail survey - indonesia v final-ds
20200330 asia covid 19 - grocery retail survey - indonesia v final-ds
DaniellaSeiler
 
Capabilities and Insights
Capabilities and InsightsCapabilities and Insights
Capabilities and Insights
Cara Buikema
 
paypal_cross-border_trade_china_whitepaper_nielsen_july_2015_final
paypal_cross-border_trade_china_whitepaper_nielsen_july_2015_finalpaypal_cross-border_trade_china_whitepaper_nielsen_july_2015_final
paypal_cross-border_trade_china_whitepaper_nielsen_july_2015_final
Elizabeth Marshall
 

Similar to Shoppers' Financial Outlooks and Purchasing Behaviors 2017 (20)

Food Sourcing in America: New Consumer Food Sourcing Trends That Will Impact ...
Food Sourcing in America: New Consumer Food Sourcing Trends That Will Impact ...Food Sourcing in America: New Consumer Food Sourcing Trends That Will Impact ...
Food Sourcing in America: New Consumer Food Sourcing Trends That Will Impact ...
 
The Evolving Digital Patient
The Evolving Digital PatientThe Evolving Digital Patient
The Evolving Digital Patient
 
Digital Knows - applying big data in real estate industry for ROI optimization
Digital Knows - applying big data in real estate industry for ROI optimizationDigital Knows - applying big data in real estate industry for ROI optimization
Digital Knows - applying big data in real estate industry for ROI optimization
 
20200407 asia covid 19 - grocery retail survey - south korea v final-ds v2
20200407 asia covid 19 - grocery retail survey - south korea v final-ds v220200407 asia covid 19 - grocery retail survey - south korea v final-ds v2
20200407 asia covid 19 - grocery retail survey - south korea v final-ds v2
 
20200330 asia covid 19 - grocery retail survey - indonesia v final-ds
20200330 asia covid 19 - grocery retail survey - indonesia v final-ds20200330 asia covid 19 - grocery retail survey - indonesia v final-ds
20200330 asia covid 19 - grocery retail survey - indonesia v final-ds
 
Insights into Grocery eCommerce 2016
Insights into Grocery eCommerce 2016Insights into Grocery eCommerce 2016
Insights into Grocery eCommerce 2016
 
McKinsey Survey: Saudi consumer sentiment during the coronavirus crisis
McKinsey Survey: Saudi consumer sentiment during the coronavirus crisisMcKinsey Survey: Saudi consumer sentiment during the coronavirus crisis
McKinsey Survey: Saudi consumer sentiment during the coronavirus crisis
 
Nielsen global connected commerce report january 2017
Nielsen global connected commerce report january 2017Nielsen global connected commerce report january 2017
Nielsen global connected commerce report january 2017
 
Snapshot of Consumer Behaviors of August 2023-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of August 2023-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of August 2023-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of August 2023-EOLiSurvey (EN).pdf
 
Capabilities and Insights
Capabilities and InsightsCapabilities and Insights
Capabilities and Insights
 
Impact of covid on online grocery shopping research
Impact of covid on online grocery shopping researchImpact of covid on online grocery shopping research
Impact of covid on online grocery shopping research
 
Ethical Food
Ethical FoodEthical Food
Ethical Food
 
Snapshot of consumer behaviors of Nov. 2021 eol i-survey (en)
Snapshot of consumer behaviors of Nov. 2021 eol i-survey (en)Snapshot of consumer behaviors of Nov. 2021 eol i-survey (en)
Snapshot of consumer behaviors of Nov. 2021 eol i-survey (en)
 
2016 Survey of US Health Care Consumers
2016 Survey of US Health Care Consumers2016 Survey of US Health Care Consumers
2016 Survey of US Health Care Consumers
 
Vietnam consumer trends in Vietnam and Asia
Vietnam consumer trends in Vietnam and AsiaVietnam consumer trends in Vietnam and Asia
Vietnam consumer trends in Vietnam and Asia
 
ADI -- Healthcare Report 2017
ADI -- Healthcare Report 2017ADI -- Healthcare Report 2017
ADI -- Healthcare Report 2017
 
The Facebook Festive Playbook 2020
The Facebook Festive Playbook 2020The Facebook Festive Playbook 2020
The Facebook Festive Playbook 2020
 
Summer Website Traffic Campaign
Summer Website Traffic CampaignSummer Website Traffic Campaign
Summer Website Traffic Campaign
 
Epsilon China Consumer Experience Report 2015
Epsilon China Consumer Experience Report 2015Epsilon China Consumer Experience Report 2015
Epsilon China Consumer Experience Report 2015
 
paypal_cross-border_trade_china_whitepaper_nielsen_july_2015_final
paypal_cross-border_trade_china_whitepaper_nielsen_july_2015_finalpaypal_cross-border_trade_china_whitepaper_nielsen_july_2015_final
paypal_cross-border_trade_china_whitepaper_nielsen_july_2015_final
 

Recently uploaded

call Now 9811711561 Cash Payment乂 Call Girls in Dwarka
call Now 9811711561 Cash Payment乂 Call Girls in Dwarkacall Now 9811711561 Cash Payment乂 Call Girls in Dwarka
call Now 9811711561 Cash Payment乂 Call Girls in Dwarka
vikas rana
 

Recently uploaded (9)

Call Girls In Dev kunj Delhi 9654467111 Short 1500 Night 6000
Call Girls In Dev kunj Delhi 9654467111 Short 1500 Night 6000Call Girls In Dev kunj Delhi 9654467111 Short 1500 Night 6000
Call Girls In Dev kunj Delhi 9654467111 Short 1500 Night 6000
 
Digital Business Strategy - How Food Brands Compete Through Technology
Digital Business Strategy - How Food Brands Compete Through TechnologyDigital Business Strategy - How Food Brands Compete Through Technology
Digital Business Strategy - How Food Brands Compete Through Technology
 
5CL-ADBA,5cladba, the best supplier in China
5CL-ADBA,5cladba, the best supplier in China5CL-ADBA,5cladba, the best supplier in China
5CL-ADBA,5cladba, the best supplier in China
 
Hifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime Agartala
Hifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime AgartalaHifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime Agartala
Hifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime Agartala
 
Planting Seeds of Success and of Failure.pdf
Planting Seeds of Success and of Failure.pdfPlanting Seeds of Success and of Failure.pdf
Planting Seeds of Success and of Failure.pdf
 
Top Rated Pune Call Girls Talegaon Dabhade ⟟ 6297143586 ⟟ Call Me For Genuin...
Top Rated  Pune Call Girls Talegaon Dabhade ⟟ 6297143586 ⟟ Call Me For Genuin...Top Rated  Pune Call Girls Talegaon Dabhade ⟟ 6297143586 ⟟ Call Me For Genuin...
Top Rated Pune Call Girls Talegaon Dabhade ⟟ 6297143586 ⟟ Call Me For Genuin...
 
How to Start Supermarket Franchise in India
How to Start Supermarket Franchise in IndiaHow to Start Supermarket Franchise in India
How to Start Supermarket Franchise in India
 
call Now 9811711561 Cash Payment乂 Call Girls in Dwarka
call Now 9811711561 Cash Payment乂 Call Girls in Dwarkacall Now 9811711561 Cash Payment乂 Call Girls in Dwarka
call Now 9811711561 Cash Payment乂 Call Girls in Dwarka
 
The 2024 Prime Day Panel: From Preparation to Profit
The 2024 Prime Day Panel: From Preparation to ProfitThe 2024 Prime Day Panel: From Preparation to Profit
The 2024 Prime Day Panel: From Preparation to Profit
 

Shoppers' Financial Outlooks and Purchasing Behaviors 2017

  • 1. Shoppers’ Financial Outlooks and Purchasing Behaviors 2017 IRI Consumer Connect™ Survey Q4 2016
  • 2. Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 2 Survey Methodology •  IRI’s Consumer Connect survey provides a quarterly snapshot of shoppers’ behaviors and attitudes as they directly relate to their strategies for learning about, purchasing and utilizing CPG and health care products, as well as information regarding perceptions of economic conditions and their ability to provide for their families. •  Consumer Connect is an internet-based survey of more than 2,000 respondents from a nationally representative panel of participants. •  For more results, visit the IRI website.
  • 3. Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 3 Seventy percent of consumers expect their household financial health to improve in the next six months. Source: IRI Consumer Connect™ Survey, Q4 2016 11% 18% 38% 33% 65+ 55-64 35-54 18 - 34 21% 25% 24% 24% $100K+ $55K-$99K $35K-$55K <$35K 14% 61% 24% 3% Hispanic White/Caucasian Black/African American Asian Younger… From across income segments… From diverse ethnic backgrounds… Tweet this: 70 percent of consumers expect their household financial health to improve in the next 6 months #ConsumerConnect @IRIWorldwide
  • 4. Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 4 Thirty percent of consumers expect their household financial health to deteriorate in the next six months. Source: IRI Consumer Connect™ Survey, Q4 2016 25% 22% 45% 8% 65+ 55-64 35-54 18-34 9% 15% 10% 55% $100K+ $55K-$99K $35K-$55K <$35K 7% 82% 7% 3% Hispanic White/Caucasian Black/African American Asian Older… From lower-earning households… From predominantly Caucasian background… Tweet this: 30% of consumers expect their household financial health to deteriorate in the next 6 months #ConsumerConnect @IRIworldwide
  • 5. Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 5 Optimistic households will pay more for products with bells and whistles. Willingness to Pay a Premium for Products % of Consumers 14% 17% 19% 22% 35% 19% 29% 32% 41% 49% 30% 40% 43% 57% 62% Anti-aging beauty care products Natural and organics food/beverages Household cleaners with environmentally friendly ingredients Food and beverages with additional benefits OTC medications that treat multiple symptoms Improving Finances Total Deteriorating Finances Source: IRI Consumer Connect™ Survey, Q4 2016 Tweet this: Optimistic households will pay more for products with bells and whistles #ConsumerConnect @IRIworldwide
  • 6. Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 6 They will also pay more to join the e-tail world. Willingness to Pay a Premium for Online % of Consumers 18% 6% 20% 10% 33% 18% Buy online and receive home delivery Buy online and pick up in store Improving Finances Total Source: IRI Consumer Connect™ Survey, Q4 2016 Tweet this: Optimistic households will pay more for premium products they can buy online #ConsumerConnect #ecommerce @IRIworldwide
  • 7. Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 7 Households that expect their finances to deteriorate are more entrenched in money-saving behaviors than the general population. Shopping Behaviors % of Consumers 61% 64% 75% 77% 85% 50% 57% 68% 72% 81% Compare prices in retailers' websites to find the lowest price Visit multiple retailers to keep grocery bill low Compare prices in retailers' weekly circulars to find the lowest price Try new lower-priced brands to save money Buy private label to save money Total Deteriorating Finances Source: IRI Consumer Connect™ Survey, Q4 2016 Tweet this: Households that expect finances to deteriorate, more entrenched in money-saving behaviors than gen. pop. #ConsumerConnect @IRIworldwide
  • 8. Copyright © 2017 Information Resources, Inc. (IRI). Confidential and Proprietary. 8 Contact Shelley Hughes Vice President, Media Relations Shelley.Hughes@iriworldwide.com Susan Viamari Vice President, Thought Leadership Susan.Viamari@iriworldwide.com Tweet this: Shoppers’ Financial Outlooks and Purchasing Behaviors 2017 #ConsumerConnect @IRIworldwide – Read the full report here