(Length: 12 pages)
This is a Consumer Technographics document

July 24, 2006

The Changing Financial Consumer

A Look At Consumer Shifts Between 2003 And 2006

by Bruce D. Temkin

with Eric M. Dolan, Peter Hult


Executive Summary (This is a document excerpt)

We examined changes in the attitudes and behaviors across five generations of consumers during the past three years. Over the years, some attitudes have shifted: Older consumers are less likely to shop around, price is increasingly more important than brand, consumers are more likely to take investment risks, and Validators are turning into Delegators. We also found a sharp rise in online financial activities — especially with younger generations of consumers.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemThe Changing Financial Consumer: 2003 To 2006

itemChanges In Attitudes

itemChanges In Investment Activities

itemChanges In Online Banking And Product Research

itemChanges In Online Insurance Research

recommendations

itemTake Another Look At Your Strategy

We analyzed data from Forrester's Consumer Technographics® 2003 Benchmark Study and Forrester's North American Consumer Technology Adoption Study 2006 Benchmark Survey.

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Analyst: Bruce D. Temkin
Industry: Consumer Financial Services, Financial Services
Geography: North America

Archived Teleconference:
Service Versus Low Prices: The Battle For Loyalty
Original air date: Friday, October 16, 2009
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