America This Week: Workplace Wellness, Lower-Funnel Blues, Granfluencers Are Drip and The Peeps Economy
The latest trends in culture and society from The Harris Poll
Good morning from New York.
Now that we've crossed the third anniversary of COVID, we can see our national stacked crises by charting various public anxieties since Spring 2020. And even in our new America This Week survey, fielded from March 31st to April 2nd among 2,022 Americans, concerns remain high on the economy and inflation (85%), crime rates (82%), political divisiveness (77%), the War on Ukraine, and now the solvency of U.S. banks (69%).
But from trauma comes new optimism-driven consumerism, which I discussed at the NFL owner's meeting in Phoenix last week. In our data, (61%) of Americans say, "My concept of a happy life has changed since the pandemic," with (61%) agreeing, "I now try harder to live in the moment." As such, Americans now spend more purposefully on seeking joy, spending on experiences over things, and (75%) seeking to spend on occasions they can do with friends and family.
This week, we've got four new polls on workforce well-being, the economic cost of abandoned shopping carts, my favorite new trend, 'Grandfluencers,' and everything you need to know about The Peeps Economy. Also, download the new ATW monthly summary tabs and deck here.
Have a great rest of the week.
John jgerzema@harrispoll.com
1. Workforce Well-being – The New Competitive Advantage: IWBI-Harris Poll
Our 2023 State of Workforce Well-Being Poll with IWBI finds new leverage when employers promote health, well-being, and equity in their work environments.
Takeaway: Supporting employees from an overall health and well-being perspective is in employers' best interest. According to employees, it can enhance a company's reputation, attract and retain top talent, increase employee engagement and productivity, and boost companywide morale. But it's also great marketing in that It could also attract customers, as our America This Week tracker found that when asked what brands could do to best support consumers given the current state of the economy, the top answer was paying their employees a decent wage over reward programs and discounts.
2. Lower Funnel Blues – Abandoned Shopping Carts Cost Businesses $2B Annually: Google Cloud-Harris Poll
Search abandonment – when a shopper searches for a product on a retailer's website but doesn't find what they are looking for – is costing businesses billions of dollars, according to our latest research with Google Cloud, as covered by MediaPost.
Takeaway: Gone are the days when retailers could expect customers to search, filter and repeatedly refine to find what they want. People worldwide now hope site search engines understand their intent deeply, return relevant results and help them discover new products quickly with personalized recommendations. Generative AI will bring new levels of intimacy to this task, provided the data security issues already causing a cookie-less future are managed to create both personalization and security.
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3. Granfluencers Are Drip: Ad Age-Harris Poll
Brands typically prioritize Gen Z influencers when seeking content creators to work with. Still, that narrow definition of an influence is evolving, and influencers in older demographics are increasingly striking big brand deals, as seen by Harris Poll research, highlighted in Ad Age.
Takeaway: The success of granfluencers is a reminder that marketers shouldn't trust demo stereotypes, as influencers come in all shapes, sizes...and ages. While Gen Z consumers may be the typical target for brands' influencer marketing campaigns, those aiming to reach consumers over 50 – who comprise over half of all consumer spending in the U.S. And judging by the success of granfluencers Insta-traffic, they are attracting younger Americans as well.
4. The Peeps Economy: Instacart-Harris Poll
(From Instacart) This year, the first day of Passover (April 5) and Easter (April 9) are only a few days apart, serving as significant moments for food and families. As people gear up to gather with loved ones and mark the moment together, we share insights about the top feasting foods and treats expected to appear on holiday tables this April based on Instacart purchase data. I think we should hop in.
For those celebrating the Spring holidays, we wish everyone a joyful celebration surrounded by loved ones!