About half of U.S. consumers said they could live without purchasing home improvement products for a while in the event of recession in the United States. Only about one-fifth of consumers said they would home improvement products at the same rate regardless.
Expected change in spending among consumers on home improvement due to possible recession in the United States as of 2023
Plans to buy home improvement products in the next year
Supplementary notes
This question was phrased as follows: "If the U S enters a recession in the next 6 months, how would you categorize the following products, [home improvement]"
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Provoke Insights. (June 27, 2023). Expected change in spending among consumers on home improvement due to possible recession in the United States as of 2023 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1398687/home-improvement-spending-change/
Provoke Insights. "Expected change in spending among consumers on home improvement due to possible recession in the United States as of 2023." Chart. June 27, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1398687/home-improvement-spending-change/
Provoke Insights. (2023). Expected change in spending among consumers on home improvement due to possible recession in the United States as of 2023. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1398687/home-improvement-spending-change/
Provoke Insights. "Expected Change in Spending among Consumers on Home Improvement Due to Possible Recession in The United States as of 2023." Statista, Statista Inc., 27 Jun 2023, https://www.statista.com/statistics/1398687/home-improvement-spending-change/
Provoke Insights, Expected change in spending among consumers on home improvement due to possible recession in the United States as of 2023 Statista, https://www.statista.com/statistics/1398687/home-improvement-spending-change/ (last visited November 22, 2024)
Expected change in spending among consumers on home improvement due to possible recession in the United States as of 2023 [Graph], Provoke Insights, June 27, 2023. [Online]. Available: https://www.statista.com/statistics/1398687/home-improvement-spending-change/
