Survey Reveals Inflation Is Slowing Americans’ Spending On Footwear
Inflation has impacted Americans’ buying habits dramatically over the past few years.
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.