A.T. Kearney: $12 trillion in new consumer spending in next 10 years
Chicago -- A new study of global wealth and spending patterns by A.T. Kearney’s Global Consumer Institute projects $12 trillion in new consumer spending over the next decade, with the United States accounting for 25% of the spending growth. Spending on food will account for about 10% of the overall total.
The A.T. Kearney Consumer Wealth and Spending Study is based on a detailed statistical and economic analysis of 70 consumption categories in 86 countries – over a period of 30 years (1990 – 2020) as well as 3,000+ social/economic variables.
According to Hana Ben-Shabat, A.T. Kearney partner and study co-leader, “One of the key findings of the study is that consumers behave predictably as a country’s wealth increases and consumption patterns mature. The study found that there are 12 spending patterns globally that are distinct, concise and have been stable over a long period of time.”
To view the A.T. Kearney Consumer and Wealth Study Report go to ATkearney.com.