Wednesday 29 February 2012

Questionnaire feedback



Here are my results from my online survey that I posted on the UEL facebook page and on the online forums I joined. From my results I found it interesting that more than half of the people that answered my survey didn't have a store or credit card but they did have an overdraft which in turn is more or less like have a card as your borrowing money that you do not have. Even though store cards obviously come with a high interest rate with them.
The overall responses:

What drives you to have a store/credit card? : Was ease of purchase and to get the discount when first opening an account for a store card

What lengths would you go to keep up with the latest trends? : To be honest the general response was that they wouldn't go to any length to keep up with the latest trends

What does the buy it now culture mean to you?: The main responses I recieve were that people want what they like now regardless of the cost, someone even described it as mindless spending , immediate purchase without considering your budget, another person said that people are very materialistic and not putting any thought into your purchase or considering it you actually need it or even want it

Do you think of the consequences of the debt when you purchase something on your card ?: More than half the respondents said they do think about the consequences of debt when purchasing goods on a card

Do your credit and store cards have an impact on your life? Basically all of the respondents apart from one said that credit and store cards have absolutely no impact on their life

The final question I asked was what is your opinion on societies morals regarding savings?
The general response was that there isn't much disposable income to save in the first place at the moment, another person said that there is always pressures to keep up with the latest trend and one person even replied that you only live once !!!!


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