Affluent Consumer Insights - Wealthy Consumers Plan Less Restaurant Spending in New Survey Marketing Articles | May 28 Cheap Tim Schaller Hat , 2009 Spending for dining at upscale restaurants is to be reduced by 54% of the affluent consumers and to be increased by only 2% of the affluent consumers. The survey respondents indicated a negative 12 month outlook for business conditions and personal household income.
Record low levels of spending for dining out in both casualfamily restaurants and upscale restaurants is suggested by the most recent survey in a series of twice-yearly studies that began in Spring 2002.
Negative attitudes about the current economy and the economic outlook for the next 12 months are contributing to plans for reducing restaurant expenditures by affluent consumers during the next year, according to the Affluent Market Tracking Study#15 conducted by the American Affluence Research Center.
In the Spring 2009 survey of the wealthiest 10% of all U.S. households, spending for dining at casualfamily restaurants during the next 12 months, in comparison to their spending for such items during the past 12 months, is to be reduced by 29% of the affluent consumers and to be increased by only 7% of the affluent consumers. The remainder (64%) expects to spend the same for dining at casualfamily restaurants during the next year as in the past year.
Spending for dining at upscale restaurants is to be reduced by 54% of the affluent consumers and to be increased by only 2% of the affluent consumers. The remainder (44%) expects to spend the same for dining at upscale restaurants during the next year as in the past year.
To reduce expenses for dining out Cheap Torey Krug Hat , the affluent consumers are most likely to eat out less frequently and to dine at less expensive upscale restaurants compared to the prior 12 months. Other methods for reducing restaurant expenditures are dining more often at casualfamily restaurants and spending less for wines and liquor when dining out.
The survey respondents indicated a negative 12 month outlook for business conditions and personal household income. They also reported declines in their net worth, as a result of substantial declines in the value of their home and their investmentssavings during the past two years. Together, these factors have contributed to a general attitude toward reducing or deferring expenditures in all areas. The intentions to reduce expenses for dining out are consistent with the overall mood of the affluent.
The survey is representative of the population of the most affluent 11.2 million households in the U.S. that account for almost 40% of total personal income and two-thirds of the personal wealth of all Americans.
The 640 men and women included in the national survey have an average annual household income of $290,000, an average primary residence value of $1.2 million Cheap David Krejci Hat , an average net worth of $3.1 million, and average investable assets of $1.4 million. This survey of the affluent market has a maximum margin of error of five percentage points at the 95% confidence level.
These surveys track how affluent consumers assess current business conditions and their 12-month outlook for the economy, the stock market, personal household income, and their spending plans for different products and services that include major appliances Cheap Danton Heinen Hat , home computers, furniturefurnishings, home entertainment equipment, casual and upscale dining out, entertainment Cheap Zdeno Chara Hat , recreation, domestic and international travel, designer and non-designer apparel, collectibles, fine jewelry Cheap Brandon Carlo Hat , and political and charitable contributions. Article Tags: Casualfamily Restaurants, Upscale Restaurants, Affluent Consumers, Next Year, Restaurants During Cheap Riley Nash Hat , Household Income
Maintaining Factory Settings with Pressure Washing Equipment Business Articles | November 17, 2011 This is a fact that maintaining a factory is not an easy task, mainly due to the sheer size of such settings. That?s why you need to ignore traditional cleaning techniques and go for more advanced maintenance methods, such as using pressure washing equipment.
Maintaining a factory is of prime importance in order to allow operations to run smoothly. Cleaning a factory may also be necessary due to a number of other reasons. For instance, if a food processing plant is not maintained on a regular basis Cheap Anders Bjork Hat , food and grease deposits can make the entire place unhygienic and eventually affect the quality of products manufactured.
However, it is also a fact that maintaining a factory is no easy task, mainly due to the sheer size of such settings. This is why it is best to ignore traditional cleaning techniques and go for more advanced maintenance methods, such as using pressure washing equipment.
Cleaner Settings, Easier Work Poorly maintained factory floors may often feature dangers such as chemical spills Cheap Bobby Orr Hat , metal parts, wood shavings, oil leaks, and fuel spills. These dangers can easily lead to disastrous incidents such as fire outbreaks or serious accidents. To prevent the risk, all you have to do is keep the facto