Over 80% of families say ” No to big spending in 2022: According to a survey, this year,consumers want to avoid any type of large purchase. People are hesitant to spend large quantities of money on anything, from a home to a car. According to the survey, more than 80% of families agreed with this statement.
A survey of 47 thousand families was conducted.
Local circles conducted a study of 47,000 homes around the country, asking them about their spending plans for the new year. People’s reactions were stunning, and it is apparent that the new Corona Omicron model had an impact on their purchasing decisions. According to the report, four out of every five households will refuse to purchase a home or a four-wheeler in 2022.
The jewellery market is also predicted to decline.
78 percent of the families polled stated they have no plans to purchase jewelry in the new year. That is, in 2021, Indians will have purchased more gold than in the previous ten years.
In favour of openly spending 15%
According to the report, only 15% of the 47 thousand families polled are planning to spend money on a home, a new car, or jewellery for themselves. While one in every seven households said yes to purchasing a home, one in every six families said yes to purchasing a four-wheeler.
a desire to keep health insurance
Because ofthe increasing number of COVIDvid-19 cases, most of the families in the study appeared to be concerned about their own and their families’ health. According to the survey, the vast majority, almost 67%, preferred to keep their health insurance. However, just 15% of these households desired to expand the scope of their health insurance coverage.
Investing in mutual funds rather than gold
Six percent of families wanting to purchase an electric vehicle in 2022 trailed those interested in purchasing a gasoline vehicle. However, when it comes to diesel cars, only 3% of consumers stated they were eager to acquire one in the new year. According to the poll, 40% of respondents intend to invest in stocks and mutual funds rather than savings accounts or gold. This is due to the fact that 20% of those polled were from Tier 3 and 4 cities, as well as rural areas.