Consumer spending

MassMutual Consumer Spending & Saving Index: American Families are Financially Stretched yet Optimistic

Retrieved on:

Tuesday, April 9, 2024

Despite persistent economic headwinds, Americans are largely more confident about their financial futures than they were last quarter, according to the latest Consumer Spending & Saving Index from MassMutual .

Key Points:

Despite persistent economic headwinds, Americans are largely more confident about their financial futures than they were last quarter, according to the latest Consumer Spending & Saving Index from MassMutual .
Far fewer Americans believe we are headed for a recession than a year ago (37% Q1 2024 vs. 52% Q1 2023).
The MassMutual Consumer Spending & Saving Index tracks financial outlooks and behaviors in a changing economic environment.
Research was also conducted with an additional sample of 500 adult Massachusetts residents from February 8 to 26, 2024.

Not so Merry and Bright: MassMutual Quarterly Survey finds Americans’ Confidence in their Financial Futures Low ahead of Festive Season

Retrieved on:

Tuesday, December 5, 2023

“It is crucial to recognize that challenging times require more thoughtful financial planning, and this is a good moment in the year to reflect on what’s ahead.

Key Points:

“It is crucial to recognize that challenging times require more thoughtful financial planning, and this is a good moment in the year to reflect on what’s ahead.
A staggering 76% of respondents with student loan debt say the resumption of student loan payments has had a negative impact on their day-to-day financial health.
HOLIDAY CHEER: Intriguingly, Americans’ anxiety over their financial futures has not notably dampened their holiday cheer compared to last year.
Research was also conducted with an additional sample of 500 adult Massachusetts residents from October 19 to November 7, 2023.

Discover Global Network Releases the Third Annual Fintech State of the Union; Revealing 94% of Venture Capitalists Are Optimistic on the Future of the Fintech Market

Retrieved on:

Monday, October 23, 2023

Discover Global Network, a leading global payment network, released their third annual Fintech State of the Union (FSOU), the most comprehensive study of its kind in the industry, providing global perspectives from fintechs, venture capitalists, and consumers.

Key Points:

Discover Global Network, a leading global payment network, released their third annual Fintech State of the Union (FSOU), the most comprehensive study of its kind in the industry, providing global perspectives from fintechs, venture capitalists, and consumers.
At Money 20/20, Discover will share an exclusive look at FSOU results, which highlight emerging trends in the industry.
More than half (56%) of VCs believe it’s critical for fintechs to build strong relationships with payment networks.
Attendees can visit Discover at the Discover Global Network Lounge (#2305), located at the entrance of the exhibition hall.

New Report from ShipStation Suggests Holiday Purchases Through Online Marketplaces Could Reach $253 Billion Globally

Retrieved on:

Wednesday, September 27, 2023

Supply Chain Management, Online Retail, Retail, Technology, Software, Electronic Commerce, Spend, Online, Holiday, Consumer spending, Americans Well-informed on Automobile Retailing Economics, Research, Economics, Online shopping

The Holiday Shopping Trends Report 2023: Building a Risk-Resistant Ecommerce Strategy compiles insight from 8,000 consumers and 2,000 merchants around the globe and investigates both perspectives of online shopping this holiday season.

Key Points:

The Holiday Shopping Trends Report 2023: Building a Risk-Resistant Ecommerce Strategy compiles insight from 8,000 consumers and 2,000 merchants around the globe and investigates both perspectives of online shopping this holiday season.
However, the report identifies three areas of opportunity for merchants – including capitalizing on “early bird” shoppers, selling on online marketplaces, and balancing premium delivery offerings with delivery costs.
For additional findings and recommended holiday strategies for merchants, download The Holiday Shopping Trends Report 2023: Building a Risk-Resistant Ecommerce Strategy today.
*Online marketplace sales projections are based on Retail Economics modeling of online retail sales data sourced from national statistics agencies and/or official trade associations.

MassMutual Consumer Spending & Saving Index: In Pursuit of Happiness, Younger Generations Prioritize Money over Marriage

Retrieved on:

Tuesday, September 19, 2023

Most younger Americans believe financial stability is a stronger determinant of personal happiness than the person they marry, according to the latest Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company ( MassMutual ).

Key Points:

Most younger Americans believe financial stability is a stronger determinant of personal happiness than the person they marry, according to the latest Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company ( MassMutual ).
74% with student loan debt are planning to cut back on their spending when student loan payments resume.
For Millennials, costumes (66%) and attending and/ or hosting in-person celebrations (61%) contribute the most to their anticipated increase in spending.
Research was also conducted with an additional sample of 500 adult Massachusetts residents from August 5-28, 2023.

MassMutual Consumer Spending & Saving Index: Summer Fun Shaded by Financial Anxiety for Younger Generations

Retrieved on:

Monday, June 12, 2023

“Even though younger generations have more years to recover from financial stressors, they are anxious about inflationary pressures and interest rate hikes,” explains Paul LaPiana , head of MassMutual brand, product and affiliated distribution.

Key Points:

“Even though younger generations have more years to recover from financial stressors, they are anxious about inflationary pressures and interest rate hikes,” explains Paul LaPiana , head of MassMutual brand, product and affiliated distribution.
Additional findings demonstrate:
The impacts of inflation (88%) and a potential recession (81%) remain the most pressing fears for Americans with younger generations feeling the most acute anxiety.
Although younger generations are more likely to prioritize financial security over a secure relationship, few have retirement accounts set up.
“The latest findings from our Consumer Spending & Saving Index reinforce what MassMutual gleans from its policyowners: the financial challenges and opportunities faced by Americans today are complex and unrelenting,” says LaPiana.

North America Digital Gaming Market Report 2023 Featuring Apple, Fortnite, Meta, Microsoft, Netflix, PlayStation, Roblox, TikTok, Xbox, Sony, & Nintendo

Retrieved on:

Wednesday, June 14, 2023

Overview of Digital Gaming Market Trends, April 2023 (1 of 2)

Key Points:

Overview of Digital Gaming Market Trends, April 2023 (1 of 2)
Overview of Digital Gaming Market Trends, April 2023 (2 of 2)
Breakdown of Gaming Revenue, by Regions, in % of Total Gaming Revenue, 2022e
Share of Mobile Game Revenue, by Countries, in %, 2022
Total Number of Gaming Players, in billions, 2020-2022e & 2025f
Breakdown of Total Number of Players, by Regions, in % of Total Gaming Players, 2022e
Total Number of Gaming Players, by Segment, in billions, 2022e
Most Preferred Devices Used Among Gamers to Play Video Games, in % of Gamers, 2022
Share of Mobile Game Revenue, by Channel, in %, 2022
Annual iOS Mobile Game Revenue, in USD billion, 2020-2022
Annual Google Play Mobile Game Revenue, in USD billion, 2020-2022
Total In-App Video Game Advertising Revenue, in USD billion, 2022e-2026f
Top 5 Most Preferred Activities in an Immersive World Compared to Traditional Alternatives, in % of Respondents, April 2022
Top Gaming-Related Dimensions That Gamers Are Willing to Engage in, by Generation, in % of Gamers, 2022
Share of Gamers Who Prefer to Spend Money on In-Game Purchases, by Generation, in %, 2022
Top In-Game Purchases That Gamers Make, by Generation, in % of Gamers, 2022
Top 3 Reasons for Making Purchases in the Metaverse, in % of Respondents, April 2022
Top 10 Grossing Online Games, by Revenue, in USD billion, 2022
Top 10 Grossing Online Games on Apple App Store, by Revenue, in USD million, 2022
Top 10 Grossing Online Games on Google Play Store, by Revenue, in USD million, 2022
Overview of Digital Gaming Market Trends, April 2023
Consumer Spending on Video Game Products, in USD billions, & Factors Leading to the Decline in Consumer Spending, 2020-2022e
Breakdown of Video Game Players, by Age, in %, February 2022
Preferred Devices Used for Gaming, in % of Players, February 2022
Share of Players Accessing Free-to-Play Games in the Last Year, in %, February 2022
Share of Players Accessing Games via Subscriptions, in %, February 2022
Share of Gen Z Gamers Who Are Able to Express More in a Game Than in Real Life, in %, February 2022
Average Time Spent Playing Games Each Week, in % of Players, February 2022
Top Factors Influencing Purchase Decision of Games, in % of Players, February 2022
Breakdown of Gamers Making Purchases in a Live In-Game Event, in %, March 2022
Share of Players Making In-Game Purchases at least Few Times a Year, in %, February 2022
Share of Gamers Who Believe the Metaverse Will Change the Gaming Industry, in %, May 2022
Top Activities Gen Z Gamers Plan to Do in the Metaverse, in % of Gamers, February 2022
Top Activities That Gen Z Gamers Are Expecting Brands to Offer in the Metaverse, in % of Gamers, February 2022
Top Companies Associated with the Metaverse According to Gamers, in % of Gamers, May 2022
Share of Gamers Whose Main Concern in Video Games and the Metaverse is Data Privacy, by Generation, in %, February 2022
Preferred Devices Used for Gaming, in % of Adults, May 2022

Save the snow leopards: Playtika’s Wooga donates $100,000 as part of their Wild Life Week

Retrieved on:

Friday, June 9, 2023

View the full release here: https://www.businesswire.com/news/home/20230609005050/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20230609005050/en/
June's Journey invited players in-game to join Wildlife Week to support the Himalayas.
From May 31 until June 6, 2023, players had the chance to collect new animal decorations in time-limited events.
The initially set community milestone of 500,000 decorations was clearly overshot, and June’s Journey players collected nearly 1,000,000 animal decorations during this eventful week .
To celebrate this achievement, Wooga decided to donate to the Snow Leopard Trust .

North America Digital Gaming Market Report 2023: Metaverse is on the Rise - Over Half of Surveyed Gen Z Gamers in the U.S. Intend to Make Money in the Metaverse - ResearchAndMarkets.com

Retrieved on:

Monday, May 29, 2023

Overview of Digital Gaming Market Trends, April 2023 (1 of 2)

Key Points:

Overview of Digital Gaming Market Trends, April 2023 (1 of 2)
Overview of Digital Gaming Market Trends, April 2023 (2 of 2)
Breakdown of Gaming Revenue, by Regions, in % of Total Gaming Revenue, 2022e
Share of Mobile Game Revenue, by Countries, in %, 2022
Total Number of Gaming Players, in billions, 2020-2022e & 2025f
Breakdown of Total Number of Players, by Regions, in % of Total Gaming Players, 2022e
Total Number of Gaming Players, by Segment, in billions, 2022e
Most Preferred Devices Used Among Gamers to Play Video Games, in % of Gamers, 2022
Share of Mobile Game Revenue, by Channel, in %, 2022
Annual iOS Mobile Game Revenue, in USD billion, 2020-2022
Annual Google Play Mobile Game Revenue, in USD billion, 2020-2022
Total In-App Video Game Advertising Revenue, in USD billion, 2022e-2026f
Top 5 Most Preferred Activities in an Immersive World Compared to Traditional Alternatives, in % of Respondents, April 2022
Top Gaming-Related Dimensions That Gamers Are Willing to Engage in, by Generation, in % of Gamers, 2022
Share of Gamers Who Prefer to Spend Money on In-Game Purchases, by Generation, in %, 2022
Top In-Game Purchases That Gamers Make, by Generation, in % of Gamers, 2022
Top 3 Reasons for Making Purchases in the Metaverse, in % of Respondents, April 2022
Top 10 Grossing Online Games, by Revenue, in USD billion, 2022
Top 10 Grossing Online Games on Apple App Store, by Revenue, in USD million, 2022
Top 10 Grossing Online Games on Google Play Store, by Revenue, in USD million, 2022
Overview of Digital Gaming Market Trends, April 2023
Consumer Spending on Video Game Products, in USD billions, & Factors Leading to the Decline in Consumer Spending, 2020-2022e
Breakdown of Video Game Players, by Age, in %, February 2022
Preferred Devices Used for Gaming, in % of Players, February 2022
Share of Players Accessing Free-to-Play Games in the Last Year, in %, February 2022
Share of Players Accessing Games via Subscriptions, in %, February 2022
Share of Gen Z Gamers Who Are Able to Express More in a Game Than in Real Life, in %, February 2022
Average Time Spent Playing Games Each Week, in % of Players, February 2022
Top Factors Influencing Purchase Decision of Games, in % of Players, February 2022
Breakdown of Gamers Making Purchases in a Live In-Game Event, in %, March 2022
Share of Players Making In-Game Purchases at least Few Times a Year, in %, February 2022
Share of Gamers Who Believe the Metaverse Will Change the Gaming Industry, in %, May 2022
Top Activities Gen Z Gamers Plan to Do in the Metaverse, in % of Gamers, February 2022
Top Activities That Gen Z Gamers Are Expecting Brands to Offer in the Metaverse, in % of Gamers, February 2022
Top Companies Associated with the Metaverse According to Gamers, in % of Gamers, May 2022
Share of Gamers Whose Main Concern in Video Games and the Metaverse is Data Privacy, by Generation, in %, February 2022
Preferred Devices Used for Gaming, in % of Adults, May 2022

Asia Pacific Metaverse Market Intelligence Report 2023: A $769.9 Billion Market by 2030 - 100+ KPIs on NFT Spend, X Use Cases, X Technology, & Business and Consumer Spend

Retrieved on:

Friday, May 19, 2023

Spend, NFT, Travel, Telecommunications, Business, Consumer spending, Entertainment, Sport, Video game, Cryptocurrency, Metaverse

The Metaverse industry in Asia Pacific is expected to grow by 45.0% on an annual basis to reach US$95.0 billion in 2023.

Key Points:

The Metaverse industry in Asia Pacific is expected to grow by 45.0% on an annual basis to reach US$95.0 billion in 2023.
The Metaverse Spend Value in the country will increase from US$65.5 billion in 2022 to reach US$769.9 billion by 2030.
With over 100 KPIs at the country level, this report provides a comprehensive understanding of metaverse market dynamics.
Business spend: Market estimates and forecasts to assess opportunities by business spend on metaverse by sector, application/use cases, technology, and platform.