by TodaysMama.com Staff
We thought we'd share the results from our latest survey on the holidays and the economy. Check it out!
If you haven’t participated in the poll yet you can click here to share your thoughts.
- How is the economy affecting your current monthly budget?
- We have made minor cuts to our budget: 44.1%
- We have made major cuts to our budget: 27.6%
- We are in need of supplemental assistance: 13.1%
- Not at all – but I am worried about the economy: 12.3%
- Not at all – the media is “over-hyping this issue and scaring people: 2.9%
- How has the economy affected your current housing situation?
- Not at all: 37.4%
- My home has lost value: 43.9%
- I am in “one of those loans” 3.2%
- Foreclosure 2.4%
- We are in the process of moving/selling for more affordable housing: 3.2%
- Finding better deals on rent: 5.1%
- It’s the perfect time to buy!: 4.9%
- Recent news reports have suggested that many Mamas are returning to work or increasing their current hours due to the lousy state of the economy. Where do you fall in the scenario?
- I am still able to stay at home with my kids: 50%
- I had to return to work part time due to the economy: 13%
- I had to return to work full-time due to the economy: 6.9%
- I have had a job for awhile – my choice to work isn’t due to the current economic state: 23%
- I’ve had to get a second job to make ends meet: 7.1%
- What are your feelings about the economy with Barack Obama and a new administration in the wings?
- Hopeful – His policies are sound and I think he will make a real difference: 17.5%
- Hopeful – Any change is good: 26%
- Unsettled – He was not my top pick and I don’t trust his policies: 51%
- Pessimistic – I don’t think anyone can fix this mess: 5.6%
- How long do you think it will take for the economy to recover?
- 6 month 2.7%
- 1 year 21.1%
- 2-3 years 61.7%
- We are in for it! 14.5%
- How has the economy impacted your holiday spending?
- Not at all 12.8%
- We will be cutting our spending by 10% 15.5%
- We will be cutting our spending by 25% 20.1%
- We will be cutting our spending by 50% 31.2%
- We will be cutting our spending by 75% 12.8%
- We will be needing assistance this holiday season 7.5%
- Will you be shopping on Black Friday this year?
- Yes 43.2%
- No 56.8%
- To get the best deals are you:
- Shopping online 7.8%
- Holding on for last minute sales 1.7%
- Taking advantage of early sales and offers 7.5%
- Paying close attention to ads and mailers 14.6%
- All of the above 64.7%
- None of the above (not a deal shopper) 3.6%
- How much of your shopping will you do online this year?
- None 11.2%
- 10% 29.1%
- 25% 25.7%
- 50% 24.5%
- 75% 8%
- 100% 1.5%