Concert tickets, college tuition and health insurance lead a list of things that Americans say are overpriced, according to new survey findings from crowdsourced shopping platform Slickdeals.
The company commissioned a survey of 2,000 Americans on what items they would rather spend or save, in which the results illustrate the relationship between perceived value and how much Americans are willing to spend.
A majority of participants voted that they would prefer to save on over 50 percent of the items listed in the survey.
Most consumers do not mind skimping on quality if it means they can save money more often.
With the costs of groceries, paper towels, and eating out being quick to accumulate, many Americans insist on spending as little as possible on commodities bought more frequently that vary in quality but deliver similar results, are of single-use, and easily consumable.
However, consumers prefer to spend more on certain frequently purchased commodities like toilet paper, toothpaste, and coffee. The quality of these products are considered significantly more important than lower prices of cheaper counterparts.
Consumers are more likely to spend on better quality items that are valued for their durability and long lifespan.
People Want to Save On
Hand soap, dish soap, paper towels, wine, eating out, casual shirts, small household appliances, jeans, dress pants, dresses, socks, handbags, sunglasses, belts, jewelry, produce, bread, cheese, butter, chips/snacks, spaghetti sauce, beer, bottled water, milk, over the counter medicine, sunscreen, razors, cooking supplies, soda, phone chargers, headphones, shampoo, cereal, pizza, garbage bags.
While They’ll Spend More On
Toilet paper, toothpaste, toothbrush, skincare, coffee, dress shirts, shoes, large household appliances, laptops/computers, mobile devices, coats, facial creams/cleansers, TVs, pet food, laundry detergent, bed, couches/chairs, makeup.
The Top 20 Most Overpriced Items
Movie theater popcorn
Sport game tickets
Wine at a restaurant
Most of these items are general, but one stands out as specific: Apple products. That’s worth an “LOL” right there.
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