1.7 Hypothesis Statement On Consumer Consumption

Consumer are alert for saving. They are always on the look out to find the best prices and best quality to buy for themselves.

Many adults and teenagers living in the present day still do not know why saving money is important. As much as we all hope emergencies won’t happen, the truth is we all know that sometimes they are unavoidable. If you do not have a safety net to lean on when these problems arise they can rapidly turn into additional debt and loans. Setting a little money aside will assist you when these life emergencies arise. Saving money also helps people achieve and aspire to their personal, social, political, and environmental goals. Once you have enough money saved you can become financially independent and able to make your own choices about how to spend your money. Additionally, saving money gives you peace and satisfaction. Knowing that you have your finances in control feels commendable. Not having to worry about sudden emergencies or costly repairs lowers your stress levels. Saving money helps in sudden emergencies, assists

The main articles used in this study are summarized in the evidence table (Table 4) in the appendix section of this paper. The evidence table was set up to visualize the data from different sources obtained during the research process. The data synthesis divides the various numbers of researches distinctly based on the main author, publication date, study design, study population, data collection method and finally the outcome/results of the study.

The significance of establishing the future-oriented saving's plan would depend on the need of the household and its contributors. For instance, a household utilizing cautious spending habits would reduce the risks in their financial plan; while also creating a monetary analysis which could be easily managed.

The impact of savings rate in an economic has become a very conflicting issue in research and among economist all over the world. This may be due to the importance of savings generally to the economic growth and development of any nation. However, the structure of every economy cannot be generalised by a particular economics’ variation because various countries have different social security and pension schemes, and different tax systems, all of which have an effect on disposable income. In addition, the age of a country’s population, the availability and ease of credit, the overall wealth, and cultural and social factors within a country all affect savings rates within a particular country. Therefore,

The economical drive theories this research project will investigate are that of Kotler, Bowen and Makens (2006) and the consumer decision process. Looking in detail the 5 different steps required in order to analyse a consumers spending behaviour and what influences them. The other part of this project is to look into the social influences and the theory provided by Schiffman and Kanuk (2007), which investigates different factors which influence a variety of decision processes.

The results of this study are presented in the order the hypotheses were tested. Analyses of covariance were performed on all hypotheses and a level of significance of 0.05 was established as a criterion for either accepting or rejecting the hypotheses.

To summarize that personal finance is important and some serious issues can occur if we don’t manage our money in more conservative ways. In contrary, if we have well prepared and managed our money effectively, we

In conclusion, saving money bring many benefit to us. So, we should save money to let us have money to use when we need. If everybody know to save money, then we can decrease the beggar too but the most important thing is to educate yourself before you buy a

The following report establishes the buying habits of the customers and determines what motivates them to come to our business. From research done elsewhere, it was noted that the age as well as the income level are major determinants of the buying habits of customers. In order to establish whether this really applies to our business as well, a survey was sent to a sample of 200 of our customers. The customers were asked to give their age and level of income only and they were rewarded with a gift card of $25 towards their next purchase.

Saving means different things to different people. To some it means putting money in the bank. To others it means buying stocks or contributing to a pension plan. But to economists, saving means only one thing—consuming less in the present in order to consume more in the future.

The objective of this chapter is to describe the procedures used in the analysis of the data and present the main findings. It also presents the different tests performed to help choose the appropriate model for the study. The chapter concludes by providing thorough statistical interpretation of the findings.

This section discusses some theories and models that highlights on savings. The analysis of savings attitude will be discussed from two approaches: macroeconomic and microeconomic (household) perspectives.

This study uses correlation analysis and descriptive analysis, but the main type of test that are used in this study are correlation analysis.

This is, therefore, that Keynes (1936) said saving become to be seen as potentially disruptive to the economy and harmful to social warfare as it reduce one component of demand, consumption, with out increase investment and it may cause inadequate demand and hence out put and employment lower than the capacity of the economy. This failure may attribute to variety of reasons including wage rigidity, liquidity preference and fixed capital coefficient in production (Modigliani 1986).