SSI's findings are based on an Internet study of 4,000+ adults on its online panels. Countries covered include the US, UK, Germany, France, Japan, Australia, China, and Singapore. SSI offers extensive worldwide reach to support survey research through SSI Dynamix™, its dynamic sampling platform that links to its proprietary online panels, as well as Web sites, social media, affiliate partnerships and more.
Economic Worries Shape New Year's Resolutions
Survey participants' economic fears are reflected in their New Year's resolutions. "Improving financial situation" is among the top-two resolutions globally. Around the world, 40% of respondents are resolving to improve their financial situations in 2011. The sole exception is Japan, where only a quarter of panelists are focusing their resolutions on financial issues.
Although the economy is on almost everyone's mind, it is not the only concern driving New Year's resolutions. In the US, UK, Germany, France and Australia, "losing weight" is as likely to be the top resolution as "improving financial situation." "Developing a healthy habit" and "getting organized" also are top choices for New Year's resolutions around the globe.
People Remain Optimistic Despite Economic Concerns
Although economic worries linger, people across the globe are optimistic when looking forward to 2011. More than twice as many respondents expect to be "much or somewhat better off" next year than those who anticipate being "much or somewhat worse off."
Chinese and Singaporean respondents are most optimistic about their prospects, with 77% and 65% of respondents respectively believing their financial pictures will improve in 2011. In contrast, France and Japan have the highest levels of pessimism, with 29% and 32% respectively expecting declines in their financial situations and less than a quarter anticipating improvement. UK respondents are evenly split between economic optimists (29%) and pessimists (32%).
Less than Half of Respondents in Many Countries Plan on Making Major Purchases
Although there is general optimism in most countries, respondents still are not ready to plan for major purchases. Less than half of the respondents in the US (43%), Germany (43%), France (47%), UK (48%) and Japan (48%) say that they will buy a computer, flat screen TV, car, boat or home in 2011.
The picture is far brighter in China, where 85% of respondents plan a major purchase in 2011 and Singapore, where 73% are looking forward to buying big ticket items. The financial optimism among respondents in these countries appears to be translating into purchase plans, perhaps due to the perceived need for technology items, such as laptops.