Table of Content
SCOPE AND THEMES
What you need to know
Definition
Data sources
Sales data
Consumer survey data
Abbreviations and terms
Abbreviations
Terms
EXECUTIVE SUMMARY
The people
Figure 1: Total U.S. population
distribution, by age, 2008-18
Multicultural America
Figure 2: Share of total U.S.
population by race/Hispanic origin, 2008 vs. 2013
The economy
Figure 3: Consumer confidence and
unemployment, annual averages, 2000-12
Median household income continues
decline post-recession
Figure 4: Median household income in
inflation-adjusted dollars, 2001-12
Changes to spending habits and
reasons
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Nearly four years into the economic
recovery, the labor market remains historically weak and median household
incomes have yet to return to pre-recession levels. The lingering effects of
the worst economic downturn since the ‘Great Depression’ of the 1930s have
consumers retaining a budget mindset that applies to purchasing across nearly
all categories. However, consumers—whether they like to admit it or not—have
increased their spending while they continue to look for the best deals.
Some questions answered in this
report include:
- What recession-induced behaviors will consumers continue to practice?
- Has the recession altered perceptions of what is luxury vs. necessity?
- How will Millennial spending impact key consumer categories?
- What is the impact of the growing Hispanic population?
To
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