StartNewsBlack Friday: only 18% of Brazilians save money, but 60% already have purchases

Black Friday: only 18% of Brazilians save money, but 60% already have planned purchases

Less than two months until Black Friday 2024, the credit platformmyallconducted two national surveys to understand consumer behavior regarding purchase intentions for the period. With a total of 17.392 participants online, the data shows that even in the face of uncertainties and distrust about the discounts, Brazilians continue to plan purchases for the date. 

Saving for Black Friday

The first survey, with 9.241 participants, indicates that only 18,1% of Brazilians are saving specifically for Black Friday purchases. Among those who are preparing financially, 57% start their savings one month in advance, while 21,1% start saving after Father's Day, that is, three months before the event

On the other hand, the perception of the discounts offered on Black Friday has generated doubts among consumers: 33,3% of respondents believe that discounts are losing value each year, while 50% disagree with this statement, demonstrating a division in opinions about the effectiveness of promotions

What Brazilians intend to buy

In the second survey, that had 8.156 participants, the focus was to understand which products are on consumers' radar. The data shows that 60% of respondents intend to buy various items, like home and decor products, food and drinks, beauty and cosmetics, in addition to fashion and accessories. On the other hand, 20,9% plan to invest in appliances and 17,9% in electronics and computer science

Regarding expenses, the research revealed that 41,4% of consumers still do not have a clear idea of how much they intend to spend on the date. However, 32,3% stated that they plan to spend up to R$ 500, 19,2% up to R$ 3 thousand, and only 7,1% estimate an investment of over R$ 3 thousand

The results show that Brazilians remain enthusiastic about finding good deals. Although only a portion is saving for the date, the fact that many are planning indicates that people are increasingly attentive to their finances. Our mission is to help consumers make smarter and better-informed financial choices, observe Marcio Feitoza, CEO of meutudo

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