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Description

Description

"As of June 2017, the economy is still improving, wages are slowly rising, and unemployment numbers continue to fall. Consumer sentiment about their financial situation remains healthy, and most consumers don’t think their finances will change (or increase) that significantly. Parents overall are somewhat more optimistic about the financial future, with mothers a bit more hesitant than fathers. Geography continues to play a role in economic outlook, and we expect to see this trend continue as time goes on. Spending behaviors have remained consistent from quarter to quarter, while changing seasons have affected travel and home renovation plans for the summer months. "
- Jennifer White Boehm, Associate Director - Financial Services

What's included

What's included

Table of contents

Table of contents

  1. Executive Summary

    • State of the Economy

        • Figure 1: Key economic indicators, June 2017
    • Current Financial Situation

      • Consumer finances still in a good spot
        • Figure 2: Opinion on current financial situation, Q2 vs Q3, February 2017/May 2017
      • Consumers consider themselves careful with their money
        • Figure 3: Opinions on financial security, Winter 2013-17
      • Northeasterners are most confident in their finances
        • Figure 4: Opinion on current financial situation, by geographic location, May 2017
      • Mothers are the most concerned about their economic status
        • Figure 5: Opinion on current financial situation, by parental status, May 2017
      • Young Millennials still growing affluence
        • Figure 6: Opinion on current financial situation, Millennials vs non-Millennials, May 2017
    • Changes in Financial Wellbeing

      • Finances predicted to remain the same
        • Figure 7: Potential changes in economic situation, Q2 vs Q3, February 2017/May 2017
      • Parents are more optimistic about their economic status
        • Figure 8: Changes in economic situation, by parental status and gender, May 2017
      • Midwesterners have tempered expectations for 2018
        • Figure 9: Changes in economic situation, by geography, May 2017
    • Improving Finances

      • Consumers more willing to save, less willing to cut living costs
        • Figure 10: Improving economic situation via savings, Q2 vs Q3, February 2017/May 2017
      • Job stability, working hard continue to be top factors for economic improvement
        • Figure 11: Improving economic situation via employment or education, Q2 vs Q3, February 2017/May 2017
      • Consumers more willing to switch to better jobs
        • Figure 12: Changed jobs in the past 12 months, Winter 2013-17
      • Southerners most willing to cut living costs, while others more willing to find a new job
        • Figure 13: Improving economic situation, by geography, May 2017
      • Interesting employment has become more important
        • Figure 14: Willingness to stick with boring job, Winter 2013-17
    • Spending Plans

      • Any changes in the last 3 months? Not really…
        • Figure 15: Spending behaviors, Q2 vs Q3, February 2017/May 2017
      • No significant spending changes on the horizon, despite moderate economic improvement
        • Figure 16: Spending plans, Q2 vs Q3, February 2017/May 2017
      • Consumers plan on domestic travel, home improvement during summer
        • Figure 17: Home improvement and travel plans for the next 3 months, by parental status, May 2017
      • Technology purchases more likely in longer term
      • Appendix – Data Sources and Abbreviations

        • Data sources
          • Consumer survey data
            • Abbreviations and Terms
              • Abbreviations

              This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

              • Market

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              • Consumer

                Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.

              • Brand/Company

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              • Data

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              Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted.

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