- by Ian Finnie on 21/09/2016
Here's the major items people are planning on buying.
36% of people said they'll be making a major purchase this year.
When it comes to funding their purchase 48% said they'll be using savings with a further 35% using a combination of savings and a loan. 21% will be relying primarily on a loan to fund their purchases.
It'll be interesting to see how these percentages shift in the quarters ahead as the recovery continues to take hold in the real economy.
The above figures will be of particular interest to our clients who deal with consumers for example banks, financial institutions, credit card companies, credit unions, those in the motor, tourism, and construction trade.
For those intending on using a loan to fund their purchase, 53% of people intend using a Credit Union, with a remainder using either a Bank (33%), or Family or Friends (8%). Other sources of funding including Credit Cards came in at 7%.
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