Deal-Seeking Goes Mainstream: Honey Study Reveals Americans Are Changing How They Shop, Date And Flaunt Thriftiness
"Deal seeking has become an integral part of online shopping culture and influences how we feel about the items we buy and when we buy them," said
However, being thrifty can take time as 37% of respondents spend between 1-2 hours a week looking for coupons and 20% report spending between 3-4 hours per week, amounting to hundreds of hours a year. To save time, money and give people the confidence they have a great deal, Honey's browser extension automatically searches the internet for coupons to apply at checkout. And with almost half of Americans (46%) willing to wait for a good deal, Honey's Droplist feature, available with select stores, notifies shoppers if a select item on their watchlist goes on sale.
Smart Shoppers May Be More Likely to Find A Date
The research also shows savviness for smart shopping may be worth adding to dating profiles. More than half (54%) of Americans say they find people who are thrifty to be attractive and almost a quarter (24%) may swipe faster as they find thriftiness to be "very attractive." Gen Z respondents find "saving sweeter than honey" with 21% admitting they would rather find a deal than a perfect match. And for some Gen Z respondents, thriftiness is like flirting with almost 1 in 10 (9%) saying they share deals on dating apps.
Emotions Run High While Online Shopping
Additionally, research shows that making a full priced purchase during COVID-19 can lead to anxiety (38%), frustration (22%) and one in five (22%) feel guilty. 61% of respondents have buyer's remorse within several hours of making a full priced purchase. And missing a deal can take a toll as over sixty percent (62%) of Americans say they experienced FOMO when they chose not to buy a discounted item they wanted.
But deal discovery can boost emotions too with 67% of respondents feeling less guilty making a purchase if they find a deal. And Americans say a promo code or price reduction feels similar to eating comfort food (32%) and finding a
Flexing Thriftiness Could Be A Key to Going Viral
With 62% of respondents feeling it's important to share deals with family and friends, spreading this wealth of knowledge is changing secret coupon clipping into potentially viral social content. More than half of Americans (52%) have increased deal sharing since before the COVID-19 began and 50% say they research a deal when they see someone share it.
- Gen Z respondents share deals on:
- Instagram (52%)
- TikTok (37%)
- Millennial respondents share deals on:
- Facebook (61%)
- Instagram (52%)
- TikTok (20%)
- Gen X respondents share deals on:
- Facebook (62%)
- Instagram (33%)
- Twitter (29%)
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