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Survey Results: The Consumer Sentiment Study

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Quarterly Consumer Sentiment Study Overview

The Consumer Sentiment Study is a quarterly survey from Marcus by Goldman Sachs®, which aims to track Americans’ perception of current and future financial climates, market conditions and plans for their money. In each installment, Marcus releases new data to provide a window into the pulse of the consumer as it pertains to personal finance and spending behavior over time in the United States. The survey findings live on Marcus.com.

The survey was conducted among a nationally representative sample (using U.S. Census data) of 1,501 Americans. The survey was conducted in March 2021.

 

The survey asked how people are feeling about their finances – looking back six months ago as well as looking ahead from six months from now.

  

  

52%

More than half of Americans (52%) say they are the same financially as they were 6 months ago.

  

  

  

  

80%

 80% of Americans say they will be the same or better off financially 6 months from now.

The Consumer Sentiment Survey was conducted by Marcus by Goldman Sachs in March 2021 among 1,501 Americans.

Full Survey Result for March 2021

Compared to your current behavior, do you think that during the next 6 months you will . . .

  • 84% of Americans think they will save the same or more during the next 6 months.
  • Nearly three-quarters of Americans (74%) think they will spend the same or more during the next 6 months.
  • 46% of Americans think they will take on less debt.

You said that during the next 6 months, you think you will spend more. Where do you believe that you will be spending more money? Select all that apply.

  • 46% believe they will spend more on general expenses.
  • Nearly a third (30%) believe they will spend more on a vacation.

You said that during the next 6 months, you think you will save more. Why do you believe that you will be saving more money? Select all that apply.

  • 41% believe this is because they are building an emergency savings fund.

Which of the below areas will be your biggest financial priority over the next 6 months?

  • More than a quarter of Americans (28%) said that their biggest financial priority over the next 6 months will be paying off debt.

How long do you think it will take for the U.S. economy to make a full recovery and return to pre COVID-19 levels of activity?

  • Over a third of Americans (34%) think it will take 1-2 years for the U.S. economy to make a full recovery and return to pre COVID-19 levels of activity, while 30% think it will take more than 2 years.

 

This article is for informational purposes only and is not a substitute for individualized professional advice. Articles on this site were commissioned and approved by Marcus by Goldman Sachs®, but may not reflect the institutional opinions of The Goldman Sachs Group, Inc., Goldman Sachs Bank USA or any of their affiliates, subsidiaries or divisions.