The data shows that this report surveyed the behaviors and preferences of 1,000 American consumers and found the following:
Financial pressure has led to a reduction in consumer spending. 56% of consumers said they can only live on their salary, and 48% of consumers said they had experienced financial setbacks in the past three months, which has prompted 70% of people to find cheaper products to reduce their financial burden, and 73% of people said they would take spending money seriously.
Many Americans rely on financial support. 43 % of consumers said they were very dependent on government stimulus measures and had difficulty making ends meet without it. It seems that the U.S. government stimulus measures are a key factor affecting consumers' lives. Another 23% received a loan (e.g., federal, private, family, or student) to make ends meet in the fourth quarter.
Consumers are adopting more technology-driven purchasing methods. When shopping online, 45% look for a browser extension or plug-in during the transaction. Nearly 50% have bought groceries online in the past three months, and a third have used curbside pickup. And 54% say they’ve purchased a product they first learned about on social media.
Amazon still dominates e-commerce. 56% of consumers said that if they could only shop at one store, it would be Amazon. In the fourth quarter of 2020, 73% of consumers shopped at Amazon, 40% at Walmart, and 18% at Target.
But Walmart has higher consumer loyalty. 70% of American consumers have Amazon Prime membership, while 38% of American consumers are currently Walmart+ members. In addition, 24% of consumers would consider getting a Walmart+ membership. eBay, Target and Kohl's have a 10% share.
Consumers are increasingly purchasing through other online platforms , especially social media platforms, with 54% of consumers saying they made a purchase after seeing a product on a social platform. Among them, consumers often purchase on social platforms such as Facebook, YouTube, Instagram, Pinterset, and TikTok. USA First quarter Amazon |
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