Simply Smart

Euro RSCG’s New Consumer study uncovered a movement toward “intelligent simplification”:

• 70 percent of the global respondent base respect/admire people who live simply (minimal purchases, debt free, etc.), while only 19% respect/admire people who live a high-luxury lifestyle.

• 67 percent believe most people would be better off if they lived more simply.

And this embrace of simplicity extends to individual purchase decisions, including product and package design:

• 68 percent say they no longer want a lot of bells and whistles on the products they buy; they would rather just have the functions they really need.

A survey by branding consultancy Siegel + Gale backs up these findings, showing, among other things, that U.S. consumers are willing to pay a 4-6% premium for brands they believe offer a greater degree of simplicity. Extrapolated across all industries and sectors, that could translate into an additional $27 billion in earnings.

Click here to read the full report.

Image credit: LovelyPackage.com

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One Response to “Simply Smart”

  1. Ann O'Reilly says:

    This encapsulates the problem of choice overload quite well: http://online.wsj.com/article/SB10001424052748703373404576148363319407354.html

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