Study: Most Ga. shoppers won’t spend more on gifts this year - WALB.com, South Georgia News, Weather, Sports

Study: Most Ga. shoppers won’t spend more on gifts this year

ALBANY, GA (WALB) -

Most Georgia shoppers don't plan to spend more on gifts this holiday season.

A study by Georgia Southern University shows 53% of Georgians plan to spend about the same as last year and 25% plan to shell out less.

One shopper told us she'll spend less this year because of the uncertain economy.

"We are probably going to spend a little bit less so that if any unforeseen things happen in our family, we will have something to fall back on," said shopper Dottie Clements.

Participants in the study plan to spend $970 on all their gifts.

43% say Georgia's economy is about the same as last year, while 37% feel it's gotten worse.

 

A summary of the study can be found below.

 

 

Bureau of Business Research & Economic Development

 

General Findings Fall 2012 Consumer Confidence Survey

  • Participants plan to spend about the same amount of money on holiday gifts as they did last year.
  • Participants plan to shop for most of their holiday gifts between late November and mid- December.
  • Participants' views of the U.S. and Georgia economy do differ and are positively related to financial status.
  • A majority of participants feel that general business conditions and job availability will improve by this time next year.

Holiday Shopping Responses

  • This year participants plan to buy gifts for 9.8 people and spend $970 on average for all of their gifts.
  • This year participants plan to buy gifts for 8.8 family members with an average of $113 per family member.
  • 53% of participants plan to spend the same amount as they did last year and 25% plan to spend less than they did last year.
  • How much participants plan to spend is related to their marital status, age and level of education. The level of education is the most influential of these factors, followed closely by marital status.
  • 54% of participants plan to complete most of their shopping between Black Friday and December 15, and 22% plan to finish in November on or before Black Friday.
  • When consumers plan to shop is related to their gender. Generally speaking, men plan to shop later this year than women.
  • 46% plan to do no online shopping this holiday season; in contrast 32% plan to do more than a quarter of their shopping online.

Economic Findings

  • 45% of participants say the U.S. economy is worse than it was last year, and 34% see the economy as being the same as it was last year.
  • 43% of participants say the Georgia economy is about the same as it was this time last year, and 37% see the Georgia economy as worse than it was last year.
  • Views on both the U.S. economy and Georgia economy are influenced by the financial status of the respondents.
  • Participants have not seen much change in their financial status from last year. 56% say they are about the same financially, and 45% feel their family salaries have not kept up with the cost of living.

 

 Looking ahead one year from now

  • 56% of participants see general business conditions being better in Georgia one year from now.
  • 51% of respondents see more jobs being available in Georgia one year from now.
  • 58% of participants see their family income as being about the same one year from now.
  • Participants' views of the U.S. and Georgia economies are more positively related to these three questions than their monetary situation.

Background Information

  • The survey was conducted over a five night time period, which began on Monday, October 22 and continued through Thursday, October 26. The final night of data collection was Monday, October 29. The calls were made by Dora Schmit's, Ph.D., marketing research class.
  • This survey has a margin of error of 5.7%.
  • In total 3,291 phone calls were made and 295 complete surveys were collected.
  • This survey covered the state of Georgia and was stratified by the 12 regional commissions of Georgia, which are defined by the Georgia Department of Economic Development.
  • Our sample skewed toward female, older, white and married residents when compared to the Georgia population.

 

 

Copyright 2012 WALB.  All rights reserved. 

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • The Latest: Irma weakens into a tropical depression

    The Latest: Irma weakens into a tropical depression

    Monday, September 11 2017 3:27 AM EDT2017-09-11 07:27:29 GMT
    Tuesday, September 12 2017 2:42 AM EDT2017-09-12 06:42:09 GMT
    Irma weakened to a Category 1 storm as the massive hurricane zeroed in on the Tampa Bay region early Monday after hammering much of Florida with roof-ripping winds, gushing floodwaters and widespread power outages.More >>
    Irma weakened to a Category 1 storm as the massive hurricane zeroed in on the Tampa Bay region early Monday after hammering much of Florida with roof-ripping winds, gushing floodwaters and widespread power outages.More >>
  • Where to celebrate Museum Day Live! in SWGA

    Where to celebrate Museum Day Live! in SWGA

    Thursday, September 21 2017 10:47 AM EDT2017-09-21 14:47:21 GMT
    The Thronateeska Heritage Center is one of four locations in SWGA participating (Source: WALB)The Thronateeska Heritage Center is one of four locations in SWGA participating (Source: WALB)

    This weekend, families across the nation have an opportunity to visit some of their favorite museums free - with a Museum Day Live! ticket. 

    More >>

    This weekend, families across the nation have an opportunity to visit some of their favorite museums free - with a Museum Day Live! ticket. 

    More >>
  • Input needed to revitalize Tifton's Matt Wilson area

    Input needed to revitalize Tifton's Matt Wilson area

    Thursday, September 21 2017 10:15 AM EDT2017-09-21 14:15:16 GMT
    Community leaders want to make some improvements to this area known as New Front (Source: WALB)Community leaders want to make some improvements to this area known as New Front (Source: WALB)

    After a successful revitalization of downtown Tifton, community leaders say they're ready to take on a new project. They're now going to focus on the Phillipsburg and Unionville neighborhood near Matt Wilson Elementary School.

    More >>

    After a successful revitalization of downtown Tifton, community leaders say they're ready to take on a new project. They're now going to focus on the Phillipsburg and Unionville neighborhood near Matt Wilson Elementary School.

    More >>
Powered by Frankly