Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram Vimeo
    The Time Posts
    Subscribe Login
    • Home
    • About
    • Business
    • Travel
    • Games
    • Health
    • Lifestyle
    • Tech
    • Reviews
    • Contact
    The Time Posts
    The US Ranks 4th Overall in Study About Smart Shoppers
    Reviews

    The US Ranks 4th Overall in Study About Smart Shoppers

    adminBy adminNovember 1, 2021Updated:November 3, 2021No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Female friends out shopping together
    Share
    Facebook Twitter LinkedIn Pinterest Email

    There’s no doubt that the unprecedented times never stopped throughout 2021. Many people found themselves in tricky situations, which required them to consider their finances and budget better throughout the year.

    As the fourth quarter of the year begins, researchers at the online savings platform BravoDeal have found out which countries have the savviest consumers when it comes to finding deals and saving a little extra money each month.

    To conduct the study, BravoDeal collected data on 25 OECD countries including the UK, France, New Zealand, South Korea and the US. They then analysed the data based on 5 key metrics: household savings, household debt, purchase consideration, overall spending relative to cost of living and food spending relative to cost of living. Once this had been dissected, the team gave each country a score based on the index they created, called the Smart Shopper Index – the higher the index score, the savvier the consumer.

    The Results

    Top 5

    Out of the 25 nations analysed, the US scored a total of 284 points and ranked in 4th. They were only being beaten out by France (421 points), Ireland (312 points) and Germany (288 points).

    The results showed that although France and Ireland sat at the top of the table, the populations of both countries still had quite a high level of household debt in comparison to the others. Where France made up points was their percentage of purchase consideration and their overall spending relative to cost. The Irish were also able to make up points with their overall spending relative to cost, as well as their food spending relative to cost.

    With only 4 points separating Germany and the US, the difference between 3rd and 4th place was extremely close to nothing. However, with the Germans being able to save 11% of their household income – the highest percentage of the 25 countries analysed – they were able to just edge into the third spot.

    Out of all the nations involved, the US innately seemed to be better at saving money and finding ways to find deals to cut their expenses.

    Norway closes off the top five countries, with a score of 211. Although the Norwegian population has the highest food spending cost, they make up for it by having great overall spending habits relative to their cost of living.

    Most Popular Shopping Categories

    In order to find out more about shopping habits around the world, BravoDeal dug deeper into 7 of the biggest global markets of the 25 OECD countries selected – France, Germany, the US, Italy, Spain, the UK and Poland.

    The results of this investigation showed that 4 out of the 7 countries preferred to find deals and savings within the Fashion category, whilst the other 3 prioritised finding deals within the General Lifestyle category. The top brands cited for within these categories across the 7 nations were Zalando, Amazon, https://ShipTheDeal.com, Otto and Hobby Lobby

    Surprisingly, although Fashion came up as the most popular category to find deals in both the US and the UK, the top brand for savings belonged to different categories. The top brand for savings-related searches in the US is Hobby Lobby, which would be placed under the General Lifestyle category. Whilst the most popular brand in the UK is Uber Eats, which would be in the Food & Drink category.

    Overall, with 2021 still being a transitional period for most, the research shown by BravoDeal could vary quite a bit over the next year or so.

    “It’s interesting to see that although many shoppers continue to value more traditional deals and discount categories such as fashion and lifestyle, other categories that surged in interest during the pandemic, such as online food delivery, arts and crafts and even gaming are peaking their interest,” says Marco Farnararo.

    The global population still trying to navigate their way from lockdowns to a post-pandemic world, and it would be intriguing to see if trends change moving forward.

    US Ranks US Ranks 4th Overall
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous Article5 Things to Look for When Choosing New York SEO Services
    Next Article 8 Courses To Choose To Join The Armed Forces
    admin
    • Website

    Related Posts

    Best Wines to Pair with Cheese (and How to Create a Wine & Cheese Board)

    December 13, 2024

    Signs and Symptoms of Irritable Depression: When Irritability is More Than Just a Bad Mood

    December 13, 2024

    What is Irritable Depression? Understanding the Overlooked Mood Disorder

    December 13, 2024

    Top 10 Law Firm Advertising Mistakes and How to Avoid Them

    December 13, 2024
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Recent Posts
    • Best Wines to Pair with Cheese (and How to Create a Wine & Cheese Board)
    • Signs and Symptoms of Irritable Depression: When Irritability is More Than Just a Bad Mood
    • What is Irritable Depression? Understanding the Overlooked Mood Disorder
    • Top 10 Law Firm Advertising Mistakes and How to Avoid Them
    • Tips for Building Large Industrial Structures
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Facebook X (Twitter) Instagram Pinterest
    • About
    • Privacy
    • Help
    • Terms
    • Contact
    © 2025 Designed by thetimeposts.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?