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| Nov 16, 2023
Source: Pew Research Center
Netflix will look to less affluent consumers for future growth. The company has an enormous opportunity to scale its ad-supported offering among Latin America’s lower and middle classes. These two cohorts have been most negatively affected by rising inflation and dwindling disposable income, putting the cost of a monthly Netflix subscription out of reach for many households.
Report
| Jan 11, 2023
Ecommerce sales will reach nearly $6 trillion this year, well off the pace we once expected. We lowered our 2023 growth estimate to 8.9%—from 10.4%—due to the still-shaky economic outlook. We also reduced our forecast for 2026 by about half a trillion from what we projected six months ago.
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| Feb 21, 2023
I mean, it's a question that I hope we can actually come back to because I think there's just such a disconnect between lower and middle income consumers right now and more affluent consumers.
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| Sep 1, 2023
So that's like a value prop and I wonder for them, how do they extend to reach a different audience, maybe a more affluent consumer, someone that might buy other banking products. Andrew Hovet:. I think it'd be very difficult. But you have other players like SoFi who are trying to get a broader set of needs and they really came at it from a lending first perspective.
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| Nov 14, 2023
Whole Foods has a larger retail footprint but caters to a smaller audience of health-conscious and affluent consumers. How does this affect our rating? There’s still plenty of room for digital growth, which will be propelled by Amazon’s massive customer base paired with its sophisticated delivery infrastructure.
Report
| Aug 14, 2023
Attract segments most likely to open new accounts: affluent consumers and Gen Zers. Consumers with over $250,000 in deposits moved funds more actively in Q1 versus consumers in lower brackets, per the Federal Deposit Insurance Corporation (FDIC). Furthermore, at least 4 million Gen Zers will open bank accounts each year between 2023 and 2026, while other demographics will stagnate, per our forecast.
Article
| Jul 31, 2023
Yeah, so Costco reports earnings both monthly and quarterly and they offer a rather interesting perspective on a interesting consumer group, which is a fairly affluent, largely suburban consumer, and what we've seen lately is the sales slow comparable sales per the company grows 1.1% year over year in its most recent quarter, but only 0.2% in the US and what we're really seeing is strong grocery sales,
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| Oct 18, 2023
Nonpremium cards held by mass affluent customers would be most affected. To keep capturing spend, issuers could shift incentive structures in the following ways:. Issuers must win customer spending in essential categories. Discounts, rewards, or other initiatives aimed at grocery and gas can help. They can also target sectors like utilities and bill pay.
Report
| Feb 28, 2023
On the other hand, wealthy consumers are fueling a boom in the ultra-luxury market. High-end fashion houses are spending freely on marketing—and some brands are being resold at a premium. Luxury retail sales will grow 6.7% next year. This confluence of factors leads to mixed results:.
Report
| Dec 8, 2022
The first is a short survey offered via mobile; it contains a key set of 70 questions and reaches mobile (as well as mobile-only) respondents (who tend to be younger, less affluent, and concentrated in emerging markets).
Report
| Oct 20, 2022
One are people who hate how much time they spend thumbing through their phones, and the other is affluent parents who want to give their children digital connectivity without giving them screen access. So I think the thing that's going to really determine whether this thing sinks or swims, though, is the extent to which it can build an ecosystem of support function.
Audio
| Nov 21, 2023
Affluent internet users are much more likely to listen to digital audio than middle- and lower-class ones. The percentage of high-income households that listened to digital audio (83.5%) in H1 2022 is more than 9 points higher than the percentage among low-income households (74.1%). This spread is unusual among established media formats.
Report
| Dec 21, 2022
These listeners skewed younger, wealthy, and urban. Some 88.2% of the 16-to-24 age bracket streamed audio versus just 64.6% of the 55-to-64 age group; 81.3% of low-income respondents streamed audio versus 85.5% of those with high incomes; and 76.6% of rural respondents did so versus 85.0% of their urban counterparts. Country Highlights. Indonesia Insights.
Report
| Oct 20, 2022
Uber customers are younger and more affluent than the typical consumer who orders directly from Domino’s, Weiner said. The strategy is similar to retailers such as lululemon athletica that have turned to third-party online marketplaces to expand their reach. The big takeaway: Our forecast expects Uber Eats’ US restaurant sales to grow 13.7% this year to $24.3 billion.
Article
| Jul 12, 2023
Fidelity partnered with Moonfare in 2021 to offer private markets funds to its institutional clients—and fast-moving players will secure similar partnerships to give their high-net-worth and mass-affluent clients similar access. Enhanced ESG Products Will Become Must-Haves Amid Regulatory and Institutional Investor Pressures.
Report
| Aug 30, 2022
Finfluencers are a force for financial inclusion: Financial education was once the preserve of the wealthy and middle class, passed along as part of one's upbringing. Social media is essential in democratizing access to financial education and personal finance.
Article
| Aug 4, 2023
As in 2020, affluents and suburbanites were most likely to have a smart home device, posting penetration rates of 26.9% and 23.8%, respectively.
Report
| Oct 21, 2021
Consumers are more receptive to higher prices accompanied by better experiences, especially among less affluent consumers. Long-term relationships matter more for older customers. Building loyalty and investing in better customer experience will help companies retain customers and endure tough times to come. Optimize short-term reactions without losing sight of long-term recovery and growth.
Report
| Sep 15, 2022
The Private Bank Study of Wealthy Americans report surveyed 1,052 high-net-worth (HNW) individuals in the US over the age of 21 and with at least $3 million in investable assets. The survey was fielded between May and June 2022. Between 2020 and 2030, more than $68 trillion in wealth will transfer from boomers to millennials and Gen Z.
Article
| Oct 14, 2022
Nearly half (46%) of Gen Z reports feeling wealthy, according to a Charles Schwab survey. That’s a higher share than Gen X and baby boomers. The cohort's feelings about its personal financial situation, along with inflation and a boost in savings from government stimulus at the height of the pandemic, helps explain why Gen Z has stepped up its spending while other generations tighten their belts.
Article
| Jul 7, 2023
This figure ticks up to 40% for the very-high net worth 57% for the ultra-high net worth segments—underlining that a shift toward the high-touch client experience could help capture this lucrative segment. Vanguard People Advisory Services (PAS). Vanguard’s PAS service combines automated investing with unlimited access to financial advisors.
Report
| Feb 16, 2022
Over 10% of the affluent population are Hispanic. Ipsos defines the affluent population as those with household incomes of $125,000 or more, and its Spring 2022 Affluent Survey found that the share of Gen Z affluent who are Hispanic rises to 20%. Rates of home ownership and college graduation have improved since 2000, although they’re still lower than the general population.
Article
| Apr 6, 2023
Tablet penetration was highest among the affluent and those ages 45 to 54. Although traditional TV continues its stronghold on Western Europe households, smart TVs are making inroads. In H1 2022, smart TV ownership among the region was at 55.2%, with Italy having the highest rate at 64.3% and France the lowest at 39.3%.
Report
| Oct 20, 2022
Then you've got Aspen, Colorado and Nice in France, South France, and the Golden Triangle, which is an affluent region in the Algarve in the South of Portugal. So they're all in joint fifth. Then you've got Paris in fourth, West Palm Beach in Florida is third, and it's an hour north of Miami. The Hamptons out on Long Island in New York are second, and Miami in Florida is first.
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| Oct 20, 2023