The #1 Most Essential Spending Category
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 9 September 2022
⏱️ 8 minutes
🧾️ Download transcript
Summary
Discover what the number one most essential spending category is. Can you guess what it is?
The article is here.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 1087. If y'all know what I mean put your hands up and declare with me |
| 0:13.8 | Yeah, I'm full of faith I'm gonna live a good life I'm gonna live a good life |
| 0:21.2 | and you're gonna glorious life Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on |
| 0:31.5 | be wealthy and smart. And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. I'm Linda P Jones, America's Wealth Mentor. Empowering women and men worldwide to financial freedom. |
| 0:45.0 | On today's show, we're going to talk about what is the number one most essential spending |
| 0:50.9 | category, not just for Americans, but this is a global survey in which |
| 0:56.2 | this spending category ranked number one. |
| 1:00.1 | Now this is very interesting because lots of people have different circumstances, lots of people have different jobs, |
| 1:06.8 | incomes, spending habits, bills, etc. |
| 1:11.2 | But this is one thing that everyone agrees on and it makes perfect sense actually. |
| 1:16.0 | This survey was done by Accenture. |
| 1:19.0 | It polled 11,000 consumers in 16 countries and it showed that consumers are |
| 1:25.6 | considering health and wellness to be essential alongside things like |
| 1:30.1 | groceries and household cleaning products. |
| 1:33.0 | What came out of the survey was that consumers are not willing to reduce the amount they |
| 1:37.7 | spend on their health and well-being. |
| 1:41.0 | And of course, why would we want to our health is everything and being in good |
| 1:46.7 | health being able to do things being able to stay healthy live longer perhaps live certainly a better life because we're healthy, is true wealth. |
| 1:56.8 | Some important points that came out of this are that while 68% of respondents said they feel squeezed financially, |
| 2:05.0 | 80% said they intend to maintain or increase their spending on areas related to health and fitness, |
| 2:12.0 | such as exercise classes or vitamins and supplements in the next year. |
... |
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