To understand consumers’ online research and spending plans this holiday season, Burst Media surveyed over 3,000 Internet users ages 18 and older in late August 2008 about their expected use of the web for the upcoming holiday season.Â
With economic woes pervasive in news headlines, Burst fielded the survey again between September 21- 23, 2008 (n=1,247) to ascertain whether there had been a change in consumers’ planned holiday spending in the four weeks from the first survey.  The number of consumers who plan to spend less this holiday season has increased since late August. While we cannot correlate this change with the economic climate, September data shows a significant shift from our earlier reading.
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Specifically, the survey findings show one-third (33.8%) of respondents expect to spend less on gifts and entertaining this holiday season compared to 2007, up from one-quarter (26.9%) who expected to spend less just four weeks ago. Slightly less than one-third (30.7%) will spend “about the same†as last year, 16.6% will spend more, and 18.9% are unsure of their 2008 holiday spending. [Read more…]
Originally posted on October 5, 2008 @ 3:34 pm