{"id":9090,"date":"2014-10-09T04:00:58","date_gmt":"2014-10-09T09:00:58","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=9090"},"modified":"2014-10-08T16:58:10","modified_gmt":"2014-10-08T21:58:10","slug":"consumer-reports-survey-finds-consumers-are-ready-to-spend-again","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2014\/10\/09\/consumer-reports-survey-finds-consumers-are-ready-to-spend-again\/","title":{"rendered":"Consumer Reports Survey Finds Consumers are ready to Spend again"},"content":{"rendered":"<h2>Seven years after the Great Recession, consumers are finally opening their wallets, making long-delayed purchases and undertaking postponed life decisions<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-40653\" title=\"Consumer Reports\" src=\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2010\/07\/consumerreports-480x183.jpg\" alt=\"Consumer Reports\" width=\"240\" height=\"92\" \/><strong>Yonkers, NY<\/strong> &#8211; The Great Recession of 2007 caused the once-prolific American shopper to go into a prolonged scrimp mode. Now, some seven years later \u2013 and more than 5 years after the recession officially ended &#8212; the tide has turned, according to a groundbreaking Consumer Reports study.<\/p>\n<p>A nationally representative survey of 1,006 adult Americans conducted by the Consumer Reports National Research Center revealed that people are now in the market for major purchases like homes, cars, and appliances \u2013 and that they plan to spend even more money in the coming year.<!--more-->The full report, \u201cHow America Shops Now,\u201d is the cover story for the November 2014 issue of Consumer Reports magazine and is available on newsstands now and at <a target=\"_blank\" href=\"http:\/\/www.consumerreports.org\/cro\/americashops1114\" >ConsumerReports.org<\/a>.<\/p>\n<p>So traumatizing was the Great Recession that many Americans put off purchases and personal decisions such as marriage and divorce. Seven out of 10 people told Consumer Reports that they finally feel fiscally stable enough to make up for lost time.<\/p>\n<h4>Other findings from the survey that point to shoppers\u2019 improved outlook:<\/h4>\n<ul>\n<li>64 percent said that they\u2019d dropped big bucks on a major purchase in the past year<\/li>\n<li>46 percent said they bought a new or used vehicle in the past year or intend to buy one in the coming year<\/li>\n<li>12 percent said they\u2019d bought a residence in the past year or intend to do so in the coming year<\/li>\n<li>34 percent said they recently completed or are ready to do a major home-remodeling project<\/li>\n<li>31 percent are holding fewer garage sales<\/li>\n<li>30 percent are taking fewer odd jobs<\/li>\n<li>26 percent of young Americans (aged 18-34) said they were ready to buy a new home; 32 percent believe they can buy a car<\/li>\n<\/ul>\n<p>\u201cShoppers may be back, but they\u2019re far from the profligate spenders they used to be. The harsh lessons of the prolonged downturn have had a major impact, perhaps a permanent one,\u201d said Tod Marks, Senior Projects Editor for Consumer Reports. \u201cOur survey shows that Americans are spending their money very pragmatically, and even though the employment picture has improved, many are working scared \u2013 scared about their future job stability and earnings outlook.\u201d<\/p>\n<p>[320left]The report also features testimonials from real consumers about their new spending habits. Additional data from CR\u2019s nationally representative survey includes what Americans are most reluctant to cut back on \u2013 regardless of the economy, and the pricier items many people feel are still out of reach.<\/p>\n<p>The full report is available in the November issue of Consumer Reports magazine, and online at <a target=\"_blank\" href=\"http:\/\/www.consumerreports.org\/cro\/americashops1114\" >ConsumerReports.org<\/a>.<\/p>\n<h3>About Consumer Reports<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-40653\" title=\"Consumer Reports\" src=\"http:\/\/www.clarksvilleonline.com\/wp-content\/uploads\/2010\/07\/consumerreports-480x183.jpg\" alt=\"Consumer Reports\" width=\"200\" height=\"76\" \/>Consumer Reports is the world\u2019s largest independent product-testing organization. Using its more than 50 labs, auto test center, and survey research center, the nonprofit rates thousands of products and services annually. Founded in 1936, Consumer Reports has over 8 million subscribers to its magazine, website and other publications.<\/p>\n<p>Its advocacy division, Consumers Union, works for health reform, food and product safety, financial reform, and other consumer issues in Washington, D.C., the states, and in the marketplace.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seven years after the Great Recession, consumers are finally opening their wallets, making long-delayed purchases and undertaking postponed life decisions Yonkers, NY &#8211; The Great Recession of 2007 caused the once-prolific American shopper to go into a prolonged scrimp mode. Now, some seven years later \u2013 and more than 5 years after the recession officially [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[17],"tags":[5005,678,9620,3365],"class_list":["post-9090","post","type-post","status-publish","format-standard","hentry","category-community","tag-americans","tag-consumer-reports","tag-great-recession","tag-yonkers-ny"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/9090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/comments?post=9090"}],"version-history":[{"count":1,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/9090\/revisions"}],"predecessor-version":[{"id":9091,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/9090\/revisions\/9091"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=9090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=9090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=9090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}