Survey Reveals Inflation Is Slowing Americans’ Spending On Footwear
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Inflation has impacted Americans’ buying habits dramatically over the past few years.
With the cost of necessities like housing, utilities, and food, Americans are finding it difficult to find any extra cash to put toward other things like apparel and even travel.
A new survey of 1,000 people finds that 76% of Americans say inflation has impacted their footwear spending.
- 41% have cut back on shoe spending.
- 32% are waiting longer to replace old shoes.
- 3% have bought a “dupe” of a popular shoe to save money.
You can see the full results of the survey HERE.
KURU also had some other interesting findings from our survey, including:
- Americans spend an average of $240 on shoes each year — that’s about $14,640 over a lifetime!
- The top factor that influences Americans’ shoe buying habits are comfort (#1), price (#2), and durability (#3).
- Sneakers are Americans’ favorite type of shoe, and the most frequently worn.
- 2 in 3 Americans say that comfort is the most important factor when buying shoes.
