Question

Please write 350 words about the current spending habits and preferences of American young-adult consumers. Plus cite your sources.

Answer 1

From the survey that is conducted by Michele Meleen the young adult consumers in US today mostly preferring branded products to buy which is largely seen in now a days.

The Young US adults are mostly buying everything online , they are trying to save money as much as possible, mostly the money they spend are for food items and hitech gadgets. The next place after food and gadgets young adults are mostly spending on beauty products and cloths

From this survey it is clear that US has nearly 20 million adult young people who are getting their income from part time jobs, full time jobs and other sources. Most of the people spending are mostly influenced by their family spending.

According to survey people are spending 25% on food, 20% on gadgets , 25% on saving, 15% on clothing and beauty products , 10% of day to day living , 5% on different different products