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how americans handle money - statistical survey
this section represents a survey onhow Americans handle their money
data extracted from Statistic Brain
| HOW americans HANDLE MONEY STATISTICAL SURVEY | ||||
| 7 part survey conducted by Statistic Brain Research Institute | ||||
| Total number of participants: 4,284 | ||||
| Dates survey was conducted: March 1st - April 27th, 2016 | ||||
| Respondents location: United States | ||||
| Data collected from: online at www.statisticsbrain.com | ||||
| Part 1: We just want a place to live | ||||
| Question: | If you could receive one of the following FREE for life which would you choose? | |||
| Option A | Housing | 41% | ||
| Option B | Health Care | 37% | ||
| Option C | Food | 18% | ||
| Option D | Entertainment | 4% | ||
| "No surprise here, people
want a place to live over any other necessity. The surprise is
that only 15% of people choose the one thing you HAVE to have to live – food!" |
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| part 2: We want guaranteed money, but we'll wait | ||||
| Question: | Which of the following offers would you take? | |||
| Option A | Wait one week and receive $25 | 80% | ||
| Option B | Wait two weeks and flip a coin, if you call it correctly you win $50 | 8% | ||
| Option C | $5 right now guaranteed | 7% | ||
| Option D | Flip a coin right now, if you call it correctly you win $25 | 5% | ||
| "The majority of people are willing to wait for a
higher payout but aren’t willing to gamble free money away even if it means double the cash (just 8% would go for the biggest payout possible). Only 7% of people would take the lowest amount possible but have the money in their pocket right away." |
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| part 3: We still love having cash in our pocket | ||||
| Question: | How often do you have cash in your wallet? | |||
| Option A | Usually | 62% | ||
| Option B | Rarely | 17% | ||
| Option C | Sometimes | 17% | ||
| Option D | Never | 4% | ||
| "Most people see tipping as just part of the
restaurant expense and are totally fine giving that additional
money away to hard working servers. Good news for tip earners, 62% of people usually have cash in their wallet." |
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| Part 4: The % of people indifferent to charitable biving is higher than the % of people indifferent to tipping | ||||
| Question: | Which best represents your attitude towards donations and charitable giving? | |||
| Option A | I enjoy being charitable with my money and give often | 41% | ||
| Option B | If I made more money I would give more money | 31% | ||
| Option C | I don't like giving away my money but I feel obligated to sometimes | 17% | ||
| Option D | I'm indifferent to charitable giving and donations | 8% | ||
| Option E | It's my money, I earned it, don't need to give it away for any reason | 3% | ||
| "When it comes to giving money away to charity
17% of people really don’t like to spread the love and only do
it out of a feeling of obligation. The sad stat here is that 31% feel they would give more if they earned more money." |
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| Part 5: We don't want to forgive our debtors | ||||
| Question: | Would you choose to cancel out all the debt in the world if it meant you lost all the money you currently had | |||
| in savings and all of your current possessions? | ||||
| Option A | Yes | 42% | ||
| Option B | No | 58% | ||
| "Here’s an interesting stat, 42% of people would cancel all the debt in the world even if they had to give all their own money away." | ||||
| Part 6: 70% of us wouldn't bend over to pick up a penny | ||||
| Question: | What is the minimum amount of money you would bend down to pick up on the street if you knew several | |||
| strangers were watching you? | ||||
| Option A | A penny | 3% | ||
| Option B | A nickel | 18% | ||
| Option C | A dime | 6% | ||
| Option D | A quarter | 14% | ||
| Option E | A dollar bill | 17% | ||
| Option F | It would have to be more than a dollar | 15% | ||
| "A penny has all but
lost any real value. 70% wouldn’t bend down to pick up a penny
if they knew several strangers would see them scrape the penny up. 15% of people wouldn’t even consider bending over for even a dollar, a dollar!" |
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| Part 7: More people would deny a friend a loan thab deny a server a tip | ||||
| Question: | If a close fried needed to borrow $200 but couldn't pay you back for a full year, would you… | |||
| Option A | Give the loan freely | 77% | ||
| Option B | Deny the loan | 14% | ||
| Option C | Charge a little interest | 9% | ||
| "You know money is tight when we charge our friends interest on a $200 loan. At least people are willing to even loan the money." | ||||