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Coupons, Discounts Drive Consumer Spending During Recession

In an economic recession consumers tend to cut budgets but, if provided discounts, they will buy - 54% of adults say they would reduce discretionary spending, and 63% say they would not make a purchase if a deal isn’t available - according to a Harris Interactive survey.

Fully 86% of adults surveyed say they have used coupons or discount codes while shopping. But as economic slowdown pushes consumers to re-evaluate spending behaviors and tighten budgets, deal-seeking may become even more common:

  • More than one in three adults (37%) say they would increase the use of coupons and discount codes during a recession.
  • Among women, the figure is higher: 43% of them say they would do so, vs. 31% of men.

To find deals on discretionary purchases, adults are equally likely to look online as in stores (56% each). But they are less likely to look for deals elsewhere…

  • Catalogs, brochures or flyers (46%)
  • Coupon books (38%)
  • Outlet malls (24%)
  • Television (18%)

A copy of the full report, including a breakdown of regional and demographic data, can be found at http://www.retailmenot.com/harrispoll.

About the study: Harris Interactive (on behalf of Retailmenot.com) conducted the study online among 2,471 US adults age 18+, Feb. 13-15, 2008. Results were weighted as needed for age, sex, race/ethnicity, education, region, and household income.

Apr 1-08
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One Response to “Coupons, Discounts Drive Consumer Spending During Recession”

  1. tss Says:

    Coupon/offers aggregated on sites like retailmenot.com or offeretti.com make it very easy for consumers to search for deals in one place rather than look in flyers or go from one website to another to find a good deal.

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