Consumers expect spending to bounce back amid the holiday season - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

In addition to holiday shopping, the relaxing of restrictions and a general optimism about the economy will lead to increased consumer spending

in Q4 and beyond. Lockdown measures led consumers to cancel vacations, stop visiting restaurants, and reduce in-person shopping, which in turn produced But with that drop in consumer spending came an increase in savings. About 28% of respondents to the OpenX and The Harris Poll survey said they saved money during the pandemic. And many of those who saved are ready to spend again—more than half of those respondents said they expected to increase their discretionary spending in Q4 or next year.

Consumers overall appear optimistic about 2021, with 36% of respondents reporting plans to spend more in 2021 than they did in 2020. These general attitudes have persisted since the study was conducted in July: US consumer confidence surged in September to the highest it's been since April, Want to read more stories like this one? Here's how you can gain access:

Join other Insider Intelligence clients who receive this Briefing, along with other Media, Advertising, & Marketing forecasts, briefings, charts, and research reports to their inboxes each day.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore Airlines fine-dining restaurant inside aircraft sells out - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. why?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the investment portfolio of a millennial homeowner - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How to prepare your retail business for holiday shopping season - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 in less than a week,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info Markharrisfx
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump: Favor-seekers benefit after spending big at his businesses: NYT - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Columbus Day: History of Christopher Columbus and the US holiday - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I don’t care 🤷‍♂️. Bunch of cry babies. Imagine thinking the world would be in a better position today if it weren’t for Columbus. Western society is the most innovative, prosperous, and generous society in the history of the world.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Venmo's new credit card is set to garner spend among core audience - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Good concept, don't think I would be an adopter but I'm sure many will
Source: BusinessInsider - 🏆 729. / 51 Read more »