Generation X

2023 Today's Specialty Food Consumer Report Released by Specialty Food Association

Retrieved on: 
Monday, November 20, 2023

NEW YORK, Nov. 20, 2023 /PRNewswire/ -- Today's Specialty Food Consumer research, a complement to The State of the Specialty Food Industry Report , has been released by the Specialty Food Association (SFA).

Key Points: 
  • NEW YORK, Nov. 20, 2023 /PRNewswire/ -- Today's Specialty Food Consumer research, a complement to The State of the Specialty Food Industry Report , has been released by the Specialty Food Association (SFA).
  • The research focuses entirely on the latest consumer attitudes toward, and opinions about, specialty food and beverages, a $194 billion industry.
  • Specialty food has consistently grown every year through good (economic stability) and bad (pandemic, high inflation).
  • The full Today's Specialty Food Consumer report , 2023-2024 Edition, may be purchased in the Learning Center on specialtyfood.com.

6 in 10 Americans believe money can buy happiness: the price is $1.2 million, according to new Empower research

Retrieved on: 
Monday, November 20, 2023

GREENWOOD VILLAGE, Colo., Nov. 20, 2023 /PRNewswire/ -- Can money buy happiness? The answer is "yes" for 59% of Americans (72% of Millennials and 67% of Gen Z) and the price tag is $1.2 million according to new research from Empower, a leader in financial planning, investing and advice – though just 17% of people say financial contentment is about reaching a certain net worth.

Key Points: 
  • Average expected retirement age pushes back three years to age 63,
    GREENWOOD VILLAGE, Colo., Nov. 20, 2023 /PRNewswire/ -- Can money buy happiness?
  • Still, there are roadblocks to happiness for many (67%), with 73% of Americans saying they're experiencing financial stress.
  • Economic pressures like inflation (81%), rising costs (81%), interest rates (66%), and student loans (32%) are dampening a sense of prosperity.
  • Americans with a more detailed financial plan are about three times as likely to report greater happiness in money matters.

77 Percent of Consumers Plan to Participate in the 2023 Holiday Shopping Season

Retrieved on: 
Monday, November 20, 2023

SAN FRANCISCO, Nov. 20, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released key findings from the 28th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS Intelligence. The Holiday Shopping Deep Dive Edition examines the financial lifestyles and spending choices of U.S. consumers going into the 2023 holiday shopping season. This edition draws on insights from a survey of 3,640 U.S. consumers conducted from Oct. 3 to Oct. 19 and an analysis of other economic data. 

Key Points: 
  • The Holiday Shopping Deep Dive Edition examines the financial lifestyles and spending choices of U.S. consumers going into the 2023 holiday shopping season.
  • As of October 2023, 60% of consumers lived paycheck to paycheck, unchanged from a year prior.
  • Even though consumers believe their financial health is worse than a year ago, 77% expect to shop during the 2023 holiday season, only slightly less than the 78% seen a year ago.
  • Credit cards take the lead among credit options for holiday shopping, at 27%, followed by buy now, pay later (BNPL), at 20%.

US shoppers opt for budget-savvy shopping during 2023 holidays, leveraging AI as credit debt concerns loom large

Retrieved on: 
Thursday, November 16, 2023

NEW YORK, Nov. 16, 2023 /PRNewswire/ -- As holiday shoppers navigate today's evolving economic landscape and mounting credit card debt concerns, budget-friendly practices and new tech adoption is on the rise, according to new research from Klarna, the AI powered global payments network and shopping assistant. The research, which is based on a survey of over 15,000 consumers across 15 markets including over 1,000 in the US, unpacks key trends shaping the retail and payments sectors this holiday season.

Key Points: 
  • "Klarna's new research unveils a broader narrative of financial mindfulness and careful spending this holiday season amidst a challenging economic landscape and credit card debt concerns.
  • However, a notable 61% of US consumers confirm that rising prices have altered their holiday shopping approach.
  • Credit Card Debt Drives BNPL Trends: Amid budget management concerns, the dangers of credit card debt loom large among US shoppers.
  • AI Adoption for Smarter Shopping: US consumers are starting to leverage AI for smarter, budget-friendly holiday shopping.

RVshare's 2024 Travel Trend Report Predicts Game Changing Year for Outdoor Travel

Retrieved on: 
Monday, November 13, 2023

AUSTIN, Texas and AKRON, Ohio, Nov. 13, 2023 /PRNewswire/ -- Today, RVshare, the largest community for RV owners and renters, reveals findings from the 2024 Travel Trend Report, indicating a monumental year ahead for travel. Conducted by Wakefield Research and commissioned by RVshare, the exclusive survey data reveals that the majority of Americans (86 percent)1 plan to book as much or more travel in 2024, including 44 percent who aim to increase travel in the year ahead. However, the similarities in travel behavior compared to last year end there. From changes in trip planning to crowd fatigue, motivators for leisure travel are predicted to shift considerably in the coming months.

Key Points: 
  • As early indicators reveal increased interest in domestic travel for the year ahead, the Travel Trend Report also showcases that overall interest in RV travel remains high for the third consecutive year.
  • "Looking ahead to 2024, RVshare is excited for milestones in both the RV space and overall domestic travel landscape.
  • This year's Trend Report explores not only what travelers are planning for, but also how they are doing so – with RVing at the forefront of outdoor travel."
  • The full 2024 Travel Trend Report is viewable here .

Caring.com Report Finds 72% of Gen Zers Plan To Care For Aging Parents, Only 16% Aware of Senior Care Costs

Retrieved on: 
Monday, November 13, 2023

CHARLOTTE, N.C., Nov. 13, 2023 /PRNewswire-PRWeb/ -- Caring.com, a leading senior living referral service and the nation's top site for senior care reviews, has published a recent report that examines how Gen Zers plan to care for their parents as they age. The report also shares insight into Gen Xers' and Baby Boomers' expectations of their children's involvement in their future senior care. Overall, Caring.com experts surveyed 1,500 American adults from Gen Zers to Baby Boomers.

Key Points: 
  • The report also shares insight into Gen Xers' and Baby Boomers' expectations of their children's involvement in their future senior care.
  • According to the 2023 survey, 72% of Gen Z adult respondents plan to be involved in their parents' future care.
  • Furthermore, 60% of Gen Z respondents plan to provide 'full' or 'partial financial support' for future care costs.
  • Despite Gen Z's willingness to care for their aging parents, only 16% are aware of the average annual cost of full-time senior care: $50,000 to $70,000.

New Study Reveals How Attractions & Entertainment Destinations Must Adapt to the Visitors of Today & Tomorrow

Retrieved on: 
Friday, November 10, 2023

PHOENIX, Nov. 10, 2023 /PRNewswire-PRWeb/ -- To better understand the guest mindset, behavior, and expectations within the attractions industry, LaneTerralever, a marketing and customer experience agency, and the International Association of Amusement Parks and Attractions (IAAPA) partnered to conduct a national study of 1,497 attraction visitors and interviews with a range of attraction industry executives. The Leisure Consumer Trends Report reveals key findings that "traditional" attraction operators and entertainment destinations can apply to attract and retain visitors.

Key Points: 
  • The Leisure Consumer Trends Report reveals key findings that "traditional" attraction operators and entertainment destinations can apply to attract and retain visitors.
  • New attractions, new consumer offerings, new events, and festivals - all designed to create fresh and unique memories for guests year-round."
  • The Socializers: Like the Raving Fans, these mostly Gen Z visitors look for attractions they can enjoy with friends.
  • The Report contains 50+ pages of key insights and data, along with specific recommendations for operators of all types of attractions and entertainment destinations.

Nearly Half of Graduates Feel Unprepared for the Workforce, While Life Experience Is Ranked More Useful Than a Degree

Retrieved on: 
Wednesday, November 8, 2023

The survey raises questions on how proactive universities are in including practical, career development and progression strategies in their pedagogy.

Key Points: 
  • The survey raises questions on how proactive universities are in including practical, career development and progression strategies in their pedagogy.
  • In fact, over half (59%) feel empowered to ask for better learning and development programs suited to their specific needs.
  • Over half (53%) also believe they learn differently compared to work in other age groups at the company.
  • The sample was equally split between gender groups, with a representative geographic spread of respondents.

Bumble Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023

Bumble will host a live webcast of its conference call to discuss its third quarter 2023 financial results at 4:30 p.m. Eastern Time today, November 7, 2023.

Key Points: 
  • Bumble will host a live webcast of its conference call to discuss its third quarter 2023 financial results at 4:30 p.m. Eastern Time today, November 7, 2023.
  • Bumble App Revenue is revenue derived from purchases or renewals of a Bumble app or Bumble For Friends app subscription plan and/or in-app purchases on Bumble app or Bumble For Friends app in the relevant period.
  • Bumble App Paying User is a user that has purchased or renewed a Bumble app or Bumble For Friends app subscription plan and/or made an in-app purchase on Bumble app or Bumble For Friends app in a given month.
  • Bumble App Average Revenue per Paying User or Bumble App ARPPU is a metric calculated based on Bumble App Revenue in any measurement period, divided by Bumble App Paying Users in such period divided by the number of months in the period.

Student Loan Debt Stress is Disrupting the School-to-Work Trajectory

Retrieved on: 
Tuesday, November 7, 2023

Collectively, this is fueling how and when they enter the workforce, as well as what they want from employers to achieve what is ultimately mutually beneficial upskilling.

Key Points: 
  • Collectively, this is fueling how and when they enter the workforce, as well as what they want from employers to achieve what is ultimately mutually beneficial upskilling.
  • Yet the desire to avoid large amounts of debt has many prioritizing return-on-investment over prestigious degrees, choosing to work for employers willing to cover a portion of the cost.
  • “With student loan payments restarting and mounting concerns around AI upending industries, employees are seeking both stability and support more than ever before,” said Diane Bartoli, Senior Vice President of EdAssist by Bright Horizons.
  • “These stressors are also empowering many to think beyond traditional college programs and work trajectories to achieve both their career and financial goals.