Wealth X Sotheby's Global Luxury Residential Real Estate 201
Luxury Institute Wealth Survey - Social Networking Habits and Practices
Transcript of Luxury Institute Wealth Survey - Social Networking Habits and Practices
The Knowledge of Luxury, The Luxury of Knowledge
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Luxury Institute WealthSurvey
Social Networking Habits and Practices
of the Wealthy
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Table of Contents
Topic Slide #
Research Notes and Methodology 3
Key Research Findings 7
Use of Social Networking Sites 12
Benefits Of Social Networking 28
Trends And Changes Resulting From Social Networking 31
Online Communities And Targeted Groups 43
Social Media Marketing 49
Social Media Barriers To Entry 60
Appendix: Respondent Profile 63
Contact Information 73
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Research Notes
The Luxury Institute conducted research among wealthy consumers with a
minimum annual income of $150,000 about their opinions, behaviors and
perceptions related to social networking.
These results are intended to provide important insights that can guide
decision making in and best practices implementation for companies and
brands that cater to wealthy consumers.
Please be advised that your use of a Luxury Institute or Luxury Board
document constitutes your agreement to (i) use the content under a limited
license only for your own internal individual purposes, and (ii) not disclose,
publish or otherwise make public or provide the content, in whole or in part,
to any third person or entity without the prior written consent of The Luxury
Institute, LLC. The content is and remains at all times the
exclusive intellectual property of The Luxury Institute, LLC.
Copyright © 2009 The Luxury Institute, LLC.
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
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Research Methodology: Sampling
In this study a national sample of 427 wealthy consumers were surveyed in-depth
online about their opinions in the second half of 2009. A similar survey was conducted
in the first quarter of 2008 with 805 wealthy consumers.
Respondents were recruited and screened to only include those age 21 or older with a
minimum gross annual income of $150,000. No minimum was set for net worth, but
the data was captured.
According to the latest (2007) Federal
Reserve Board Survey of Consumer
Finances (SCF), this criteria
represents the top 10.6 million (9.1%)
of U.S. households.
The survey data have been weighted
with respect to gender, age and
income to match the SCF profile of
these households.
Sample Profile2007 SCF
Benchmark
Survey Data
(unweighted)
Survey Data
(weighted)
Gender ratio (M:F) n/a 38%:62% 50%:50%
Age 21 to 44
Age 45 to 54
Age 55 to 64
Age 65 or older
Median age
28%
32%
26%
14%
51 years
36%
33%
23%
8%
48 years
28%
32%
26%
14%
51 years
$150k-$199k
$200k-$299k
$300k-$499k
$500k or more
Mean income
Median income
40%
30%
14%
16%
$421k
$221k
52%
32%
9%
7%
$298k
$198k
40%
30%
14%
16%
$415k
$233k
Mean net worth
Median net worth
$3.5 mil.
$1.2 mil.
$2.9 mil.
$0.8 mil.
$4.9 mil.
$1.0 mil.
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Research Methodology: Questionnaire
Wealthy consumers are asked the following series of questions:
What type of mobile device do you own?
Which of the following sites are you a member of?
How often do you visit [site]?
On average, approximately how much time do you spend on [site] per visit?
What was the primary reason you joined [site]?
Do you use any of the following applications to aggregate your social media content?
How many friends, connections or followers do you have on [site]?
Which of the following activities have you done through the networking sites that you use?
Please indicate whether you plan to do any of the online activities below.
How have the following activities changed as a result of your participation in social networks?
Thinking about the networking or community site(s) you visit most, how often do you update your personal profile?
Which of the following do you have on your personal profile?
How much do you agree or disagree with the following statements about sharing personal information online?
Tell us what you find most valuable on [site]. Please select up to the top 3 reasons why you visit these sites.
Please indicate how likely you would do any of the online activities below.
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Research Methodology: Questionnaire
Continued…
Are you a member of any of the following social shopping sites?
Do you notice the presence of advertiser brands on the social networking sites you visit?
Have you ever joined a group on your social networking site(s) that is based around a
product/service or a brand?
• If yes, how did you find them?
Please indicate whether you have done any of the following on your social networking
site(s).
What kind of widgets or applications have you added to your profile page?
What categories of content reflect the types of widgets or applications you have added to
your profile page?
Have you downloaded branded widgets or applications (i.e. from retailers, other websites,
or movie brands, for example)?
How do you hear of new widgets and applications for your profile page?
Do you access social media networking sites from your mobile device?
How much do you agree or disagree with the following statements about why you do not
visit any of these sites?
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Luxury Institute WealthSurvey
Key Research Findings
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Key Findings: Use of Social Networking Sites
Seven out of ten wealthy consumers (72%) are members of social networking
sites, up from 60% in 2008.
Since 2008, average membership has increased from 2.8 to 3.1 sites.
Overall, Facebook is the dominant networking site among wealthy consumers,
with the highest overall membership, daily use and number of visits per week.
Nearly 30% of wealthy consumers who belong to multiple social networks use
applications to aggregate social media content.
More than 10% of all wealthy consumers access social networks from a mobile
device.
Top Social Networking Sites
Benchmark Metrics: 2009 LinkedIn MySpace Twitter Facebook YouTube
Class-
Mates
Yahoo!
Groups
Membership level 28% 17% 14% 48% 20% 21% 15%
Most common joint membershipFace-
book
Face-
book
Face-
bookLinkedIn
Face-
book
Face-
book
Face-
book
At least daily use of site 12% 19% 33% 44% 11% 3% 25%
Mean number of visits per week 2.3 3.1 4.2 6.7 2.9 0.6 5.1
Avg. length of visit (minutes) 35 26 56 47 42 11 61
Mean number of connections 95 69 36 93 14 27 101
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Key Findings: Benefits and Trends
Benefits of Social Networking
The specific reasons for joining and the most valuable features of a social networking site vary by site, but most commonly include desires to reestablish, develop, and maintain old and new relationships of the personal or professional nature, share online content, and learn from others.
Trends and Changes Resulting from Social Networking
Compared to in 2008, wealthy members of social networks are…
• less likely to use email and IM, join or start clubs, submit links to the site, vote or rate site content, and participate in advertising or marketing initiatives.
• more likely to be posting and receiving comments on their own and others’ pages,
• more likely to say that they have a personal profile, and
• more likely to be including marital status and photos in their profiles.
At the same time wealthy consumers on social networks have become…
• more likely to say they are being careful about the information they post,
• more likely to agree that they are OK with new people viewing their information, and
• less likely to say they are concerned about identification theft or fraud.
As a result of participation in social networking, there have been notable shifts in how and where wealthy consumers use in IM and online dating applications.
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Key Findings: Targeted Groups & Marketing
Online Communities and Targeted Groups
Nearly one-quarter (24%) of wealthy social networkers say that they would be
likely to join a community dedicated to a luxury brand that is sponsored by the
brand and 20% would join an independent luxury community.
• Another five percent have already joined each type of luxury brand community.
Nearly one in five (18%) belong to a social shopping site.
Social Media Marketing
Of the wealthy consumers who are members of at least one SN site:
• More than 40% say they notice the advertising on the sites that they visit
• 13% have joined a group that is based around a product/ service or a brand,
• Half indicate that they have done at least one consumer behavior or product/service
promotional activity on social networking sites, such as receiving/giving virtual gifts,
• One in ten has downloaded a widget or application to their profile page.
Entertainment widgets or applications are the most commonly added to profile
pages, followed by informational widgets or applications.
• Movies, weather, finance, and news and current events are the most common
categories of widget or application content. One in five have downloaded branded
widgets or applications.
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Key Findings: Social Media Barriers
The barriers to joining social networks are less strong than was the case a year
ago, even among wealthy consumers who have yet to join in.
The top reason for not joining social networks continues to be: “I have other
methods of communicating.”
However since 2008, a significantly lower share of the wealthy consumers who
do not belong to social networking sites are saying that:
• they don’t trust that personal information will be private,
• the sites are targeted for younger users,
• they are not familiar with the activities they can do,
• they only join sites with free membership,
• they have never heard of these sites,
• they haven’t had the opportunity to check them out, and
• they tend to join sites where their offline friends and acquaintances are already
members.
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Luxury Institute WealthSurvey
Use of Social Networking Sites
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Top 10 Social Networking Sites
Top 10 Social Networking Sites Used
60%
11%
13%
21%
20%
16%
23%
10%
9%
2%
72%
48%
28%
21%
20%
17%
15%
14%
10%
7%
7%
Any use of a social networking site
Classmates
YouTube
MySpace
Yahoo! Groups
Twitter**
Wikipedia
MSN Groups
Photobucket
2008
2009
Q: Which of the following sites are you a member of? (n=427 in 2009 and n=805 in 2008) ** Not asked in 2008.
Membership in social networking sites has increased significantly since early 2008 from
60% to 72% of wealthy consumers.
• Facebook, LinkedIn, and newcomer Twitter have grown the most in that time.
indicates statistically significant change since 2008 at 90% confidence level.
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Other Social Networking Sites Used
6%
5%
3%
3%
3%
3%
1%
5%
4%
3%
3%
3%
2%
2%
2%
2%
2%
1%
1%
flickr
Yahoo! 360
Friendster
hi5**
Windows Live Spaces
Last.fm**
MyYearbook**
Ning**
Webshots
Yelp**
AOL People Connection
ASmallWorld2008
2009
Q: Which of the following sites are you a member of? (n=427 in 2009 and n=805 in 2008) ** Not asked in 2008.
indicates statistically significant change since 2008 at 90% confidence level.
2%
3%
1%
1%
3%
1%
1%
1%
1%
1%
3%
<1%
<1%
<1%
<1%
Bebo**
Del.icio.us
Digg
Multiply**
Tagged**
Affluence.org**
Orkut**
Technorati
Tumblr**
Diamond
Lounge
Other
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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Member of at Least One Social Network Site
60% 62%57%
76%
61%
49%
58%61% 63%
60% 60%66%
72%69%
76%
85%
75%
62%
69%72%
76% 75%
66%
76%
Total Men Women Under 45 45-54 55+ $150k-
$199k
$200k-
$299k
$300k+ <$1MM $1MM-
$4.9MM
$5MM+
2008 2009
Gender Age Household Income Net Worth
Use of Any Social Network by Demographics
Membership in social networks increased across all subgroups of wealthy consumers.
Q: Which of the following sites are you a member of? Percent who belong to at least one site shown. (n=427 in 2009 and n=805 in 2008)
indicates statistically significant change since 2008 at 90% confidence level.
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Use of Social Networking Sites by Demographics
Wealthy consumers who are under age 45 are much more likely to be using social
networking sites.
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: Which of the following sites are you a member of? (n=427 in 2009)
Gender Age Household Income Net Worth
Social Networking Site
Membership Total Men Women
Under
45 45-54 55+ <$200k
$200k-
$299k $300k+ <$1 mil
$1 -$4.9
mil $5 mil+
Any social networking site 72% 69% 76% 85% 75% 62% 69% 72% 76% 75% 66% 76%
Facebook 48% 42% 54% 60% 48% 40% 48% 57% 40% 52% 46% 42%
LinkedIn 28% 29% 27% 36% 34% 17% 27% 26% 31% 28% 31% 21%
Classmates 21% 21% 21% 20% 26% 18% 20% 19% 25% 19% 24% 22%
YouTube 20% 24% 17% 33% 13% 18% 16% 24% 22% 19% 18% 31%
MySpace 17% 17% 18% 26% 17% 12% 16% 18% 19% 17% 15% 24%
Yahoo! Groups 15% 17% 14% 19% 15% 13% 12% 15% 20% 14% 14% 20%
Twitter 14% 13% 16% 23% 14% 8% 12% 16% 15% 11% 16% 19%
Wikipedia 10% 14% 6% 14% 4% 11% 6% 6% 17% 4% 12% 23%
Photobucket 7% 8% 6% 12% 4% 6% 4% 6% 12% 5% 4% 21%
MSN Groups 7% 8% 5% 10% 6% 4% 6% 4% 10% 8% 4% 8%
n= 427 164 263 154 139 134 223 136 68 252 135 40
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Trend in Number of Sites Belong To
Number of Sites Belong to39%
23%
15%
8%
4%
11%
30%
21%
17%
11%
8%
13%
1 2 3 4 5 Over 5
2008 2009
Since 2008, wealthy consumers have increased the number of different networking
sites of which they are members from an average of 2.8 to 3.1.
• The share of those belonging to just one site has decreased significantly, while the share of
those belonging to 5 sites has doubled.
Q: Which of the following sites are you a member of? (n=316 in 2009 and n=483 in 2008 who belong to at least one networking site)
indicates statistically significant change since 2008 at 90% confidence level.
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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Mean Number of Sites by Demographics
The average number of social networking sites that a consumer continues to be higher
on average for men, those under age 45, and those in higher income and wealth
brackets.
Mean Number of Sites Wealthy Consumers Belong To
2.8 2.92.6
3.7
2.6
2.0
2.6 2.5
3.4
2.7 2.6
3.03.1
3.5
2.7
3.7
2.72.9
2.7
3.1
3.5
2.7
3.2
4.2
Total Men Women Under 45 45-54 55+ $150k-
$199k
$200k-
$299k
$300k+ <$1MM $1MM-
$4.9MM
$5MM+
2008 2009
Gender Age Household Income Net Worth
Q: Which of the following sites are you a member of? (n=316 in 2009 and n=483 in 2008 who belong to at least one networking site)
indicates statistically significant change since 2008 at 90% confidence level.
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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Q: Which of the following community or networking sites are you a member of? (Cross Matrix)
(Base = members of each individual site, limited to top 7 sites)
Example: Read as 70% of LinkedIn members are also members of Facebook.
Joint Membership
Site Membership Matrix LinkedIn MySpace Twitter Facebook YouTube
Class-
mates
Yahoo
Groups
Avg. number of different sites belong to 4.0 5.1 5.4 3.5 5.1 4.7 5.1
Facebook 70% 80% 67% 100% 75% 72% 69%
LinkedIn 100% 39% 55% 40% 41% 48% 40%
Classmates 36% 50% 39% 31% 35% 100% 32%
YouTube 30% 44% 51% 32% 100% 34% 43%
MySpace 25% 100% 46% 29% 38% 41% 28%
Yahoo! Groups 22% 24% 24% 22% 32% 23% 100%
Twitter 28% 37% 100% 20% 36% 26% 22%
Wikipedia 17% 14% 21% 11% 31% 13% 17%
Photobucket 6% 19% 13% 9% 21% 12% 17%
MSN Groups 9% 14% 20% 6% 13% 13% 21%
flickr 9% 5% 7% 6% 10% 10% 12%
Yahoo! 360 3% 10% 11% 5% 14% 8% 17%
hi5 5% 11% 13% 5% 10% 7% 4%
Windows Live Spaces 6% 9% 8% 5% 10% 7% 13%
Friendster 5% 10% 9% 5% 7% 9% 5%
Yelp 5% 3% 8% 3% 6% 2% 7%
Unweighted Sample Size 119 76 65 222 86 86 60
Shading indicates sites with at least 50% overlap
indicates site with most cross-over membership
Table continued on next slide
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Q: Which of the following community or networking sites are you a member of? (Cross Matrix)
(Base = members of each individual site, limited to top 8 sites)
Example: Read as 6% of LinkedIn members are also members of MyYearbook.
Joint Membership … Continued
Site Membership Matrix LinkedIn MySpace Twitter Face-book YouTube
Class-
mates
Yahoo
Groups
Avg. number of different sites belong to 4.0 5.1 5.4 3.5 5.1 4.7 5.1
MyYearbook 6% 10% 8% 4% 6% 11% 6%
Ning 4% 5% 5% 3% 3% 4% 4%
Webshots 3% 2% 2% 2% 2% 1% 6%
Last.fm 1% 3% 6% 1% 2% -- 4%
Digg 3% 4% 10% 2% 4% 2% 4%
Tagged 1% 4% -- 2% 1% 5% 5%
Multiply -- 4% -- 2% 1% 3% 7%
Bebo 1% 5% 1% 2% 1% 3% 5%
AOL People Connection 2% 3% 4% 1% 4% 3% 4%
Del.icio.us 1% 1% 4% 1% 1% -- 2%
ASmallWorld 2% -- -- -- -- 2% --
Orkut 1% 1% 1% 1% 2% 1% 1%
Affluence.org 1% -- 2% -- -- 1% 2%
Tumblr 1% -- 2% -- -- 1% 2%
Technorati -- -- -- -- -- -- 2%
Unweighted Sample Size 119 76 65 222 86 86 60
Shading indicates sites with at least 50% overlap
indicates site with most cross-over membership
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
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Aggregation of Social Media Content
Q: Do you use any of the following applications to aggregate your social media content?
(n=217 wealthy consumers who are members of at least two social networking sites)
Almost three out of ten wealthy consumers who use more than one social networking
site use applications to aggregate social media content, with the Facebook application
clearly being the most popular.
Use of Applications To Aggregate Social Media Content
1.0%
0.8%
0.5%
0.5%
0.5%
0.4%
0.4%
26%
28%
1%
Any use of aggregation app
Flock
Socialthing
EventBox
Profilactic
Strands
FriendFeed
Power.com
Other
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
22
Mean Number of Connections
Q: How many friends, connections or followers do you have on [social networking site]?
(Base = randomly selected members of each site, limited to top 7 sites)
Wealthy social networkers tend to have, on average, about one hundred friends,
connections or followers on Yahoo! Groups, LinkedIn and Facebook.
Average Number of Friends, Connections, Followers
101
95
93
69
36
27
14
Yahoo! Groups
MySpace
Classmates
YouTube
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
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23
Frequency of Visiting
Frequency of Visiting Top Social Networking Sites
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Yahoo! Groups
MySpace
YouTube
Classmates
Several times per day Once a day Several times per week Once a week Several times per month Once a month or less
Q: How often do you visit [social networking site]? (Base = randomly selected members of each site, limited to top 7 sites)
At least
daily
Mean #
times
per
week
44% 6.7
33% 4.2
25% 5.1
19% 3.1
12% 2.3
11% 2.9
3% 0.6
Facebook is the social networking site that is used most frequently by wealthy
consumers.
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
24
Trend In Daily Use of Networking Sites
At Least Daily Use of Top 10 Social Networking Sites
38%
33%
31%
9%
31%
7%
44%
33%
25%
19%
12%
11%
3%
Twitter**
Yahoo! Groups
MySpace
YouTube
Classmates
2008
2009
Q: How often do you visit [social networking site]? (Base = randomly selected members of each site, limited to top 7 sites)
** Not asked in 2008.
The daily use of social networking sites has changed dramatically since 2008:
• Twitter, a relatively new site, is used on a daily basis a third of wealthy members.
• Daily use of MySpace and YouTube have declined.
indicates statistically significant change since 2008 at 90% confidence level.
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
25
Length of Visit
Average Amount of Time Spent On Site Per Visit
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Yahoo! Groups
YouTube
MySpace
Classmates
Open all day >2 hours but not open all day 1-2 hrs 30-59 mins 15-29 mins 5-14 mins < 5 mins
Q: On average, approximately how much time do you spend on [social networking site] per visit?
(Base = randomly selected members of each site, limited to top 7 sites)
Mean length
of visit
(minutes)
61
56
47
42
35
26
11
Members of Yahoo! Groups and Twitter are likely to be spending about an hour on
average on the sites each time they visit.
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
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26
Accessing Social Networks via Mobile Devices
One in ten wealthy consumers access social networks from their mobile device.
Another 54% are members of social networking sites and own a mobile device, but do
not use it for their social networking activities.
Q: Which of the following sites are you a member of?
Q: What type of mobile device do you own?
Q: Do you access social networking sites from your mobile device? (n = 427 wealthy consumers)
Relationship Between Social Networking and Owning Mobile Devices
Own a mobile device but
not a social networker
21%
Do not own a mobile
device and not a social
networker
7%
Social networker, but do
not own a mobile device
7%
Social networker, own a
mobile device, but do not
access social networks
from it
54%
Access social networks
from a mobile device
11%
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
27
Accessing Social Networks via Mobile Devices
Wealthy consumers under age 45 are much more likely than older consumers, and
those earning $200-299k are more likely than those with lower income to be accessing
social networking sites from their mobile devices.
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: Do you access social networking sites from your mobile device? (n = 427 wealthy consumers)
Percentage Who Access Social Networks From A Mobile Device
11%10%
12%
25%
8%
3%
8%
15%
10% 10%11%
12%
Total Men Women Under 45 45-54 55+ $150k-
$199k
$200k-
$299k
$300k+ <$1MM $1MM-
$4.9MM
$5MM+
Gender Age Household Income Net Worth
The Knowledge of Luxury, The Luxury of Knowledge
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
Luxury Institute WealthSurvey
Benefits of Social Networking
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
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29
Primary Reason for Joining
Q: What was the primary reason you joined [social networking site]?
(Base = randomly selected members of each site, limited to top 7 sites)
The dominant reason for joining LinkedIn is to make a business connection.
For MySpace, Facebook, and especially Classmates the main reason for joining is to
find an old friend or family member.
Primary Reason for Joining LinkedIn MySpace Twitter Face-book YouTube
Class-
mates
Yahoo
Groups
I was trying to find an old friend or family member 5% 49% 8% 33% 3% 79% 7%
I wanted to make a business connection 76% 5% 22% 5% 3% -- 18%
Everyone I know is a member 9% 19% 27% 30% 23% 7% 15%
I was trying to organize a social event or group 1% 9% 7% 3% -- 2% 12%
I wanted to see what my child was doing online -- 7% 2% 8% 3% -- 5%
Other 9% 11% 34% 21% 68% 11% 43%
Unweighted Sample Size 104 56 39 186 55 62 39
Shading indicates dominant reason
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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30
Q: Tell us what you find most valuable on [social networking site]. (Base = randomly selected members of each site, limited to top 7 sites)
Most Valuable Site Features
Most valuable feature of this site: LinkedIn MySpace Twitter
Face-
book YouTube
Class-
Mates
Yahoo!
Groups
Locate and reacquaint with old friends/family 16% 38% 11% 56% 2% 53% 12%
Maintain existing personal relationships with friends/family 14% 30% 13% 60% 2% 21% 14%
Research product or company information 19% 7% 15% 6% 9% -- 19%
Maintain existing professional relationships 59% 13% 17% 9% 3% 6% 15%
Stay entertained by the variety of available content and applications 3% 9% 14% 8% 26% 2% 14%
View others’ photos 4% 23% -- 32% 9% 9% 5%
Learn more about a specific interest/hobby from others 2% 4% 12% 1% 14% 3% 32%
Watch others’ videos 1% 16% -- 3% 71% 3% 11%
Meet new professionals and develop new business relationships 59% 6% 15% 8% -- 1% 12%
Share my photos with others <1% 10% 7% 23% 4% 3% 5%
Meet new people and develop new personal relationships 10% 6% 17% 7% 3% 1% 8%
Share my videos with others 1% 3% 7% 2% 18% -- --
Keep track of what my child is doing online 2% 11% 8% 12% 1% 1% 4%
Write about things that I care about and interest me 3% 4% 7% 5% -- -- 9%
Build support for an environmental cause 1% 3% 6% <1% 2% -- 6%
Build support for a specific political cause -- -- -- 1% 2% -- 11%
Build support for consumer advocacy 2% 1% 4% 1% 4% -- --
Build support for a philanthropic cause -- 2% 2% 2% 1% -- 3%
Other 4% 8% 6% 1% 6% 4% 1%
Unweighted Sample Size (random members) 104 56 39 186 55 62% 39
dominant features
The Knowledge of Luxury, The Luxury of Knowledge
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
Luxury Institute WealthSurvey
Trends And Changes Resulting From Social
Networking
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
32
Trends in Online Activities on Social Networks
In 2008 asked as: Q: Please indicate whether you do or
plan to do any of the following activities through the
community or networking sites that you are a member of?
(Base: n=501 social networkers)
In 2009 asked as: Q: Which of the following activities have
you done through the networking sites that you use?
(Base: n = 316 social networkers)
** Option not asked in 2008.
indicates statistically significant change since 2008 at
90% confidence level.
Online Activities
Currently Do
69%
49%
50%
35%
40%
28%
30%
30%
41%
39%
30%
31%
28%
31%
19%
15%
54%
52%
49%
47%
44%
43%
42%
40%
32%
31%
28%
20%
19%
19%
11%
9%
8%
5%
Check profiles of people in my network
Create a personal profile
Post a comment on others’ content
Upload your own content
Post a comment on others’ profile page
Receive comments on your own profile
page
Receive comments on your own content
Instant message
Join a club or group
Browse new profiles of people outside my
network
Submit/post a link on the site
Check to see what my child/ children are
doing online**Look up information on a specific
company**
Vote for site content
Rate site content
Participate in a advertiser or marketing
initiative on the site
Start a club or group
2008
2009
Compared to in 2008,
social networkers are now
less likely to use email and
IM, join or start clubs,
submit links to the site,
vote or rate site content,
and participate in
advertising or marketing
initiatives.
They are more likely to be
posting and receiving
comments on their own
and others’ pages.
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
33
Social Network Activities by Demographics
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: Which of the following activities have you done through the networking sites that you use? (Base: n = 316 social networkers)
Gender Age Household Income Net Worth
Social Networking
Activities Total Men Women
Under
45 45-54 55+ <$200k
$200k-
$299k $300k+ <$1 mil
$1 -$4.9
mil $5 mil+
Email 54% 54% 55% 58% 48% 57% 57% 43% 62% 54% 57% 49%
Check profiles of people in
my network52% 50% 54% 61% 53% 43% 51% 55% 51% 54% 53% 47%
Create a personal profile 49% 42% 55% 49% 54% 46% 50% 54% 43% 51% 50% 41%
Post a comment on others’
content (photos, videos, etc.)47% 42% 51% 54% 46% 41% 43% 53% 44% 51% 42% 45%
Upload your own content
(photos, videos, etc.)44% 44% 45% 50% 40% 43% 43% 48% 42% 46% 46% 37%
Post a comment on others’
profile page43% 35% 50% 55% 38% 35% 39% 48% 42% 41% 47% 41%
Receive comments on your
own profile page42% 36% 48% 54% 38% 35% 38% 44% 45% 43% 39% 45%
Receive comments on your
own content (photos, videos,
etc.)
40% 34% 46% 53% 37% 31% 38% 44% 39% 41% 38% 41%
Instant message 32% 30% 34% 44% 27% 26% 29% 31% 36% 31% 33% 34%
n= 316 113 203 130 105 81 163 101 52 194 91 31
Table continues on next page
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34
Social Network Activities by Demographics
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: Which of the following activities have you done through the networking sites that you use? (Base: n = 316 social networkers)
Gender Age Household Income Net Worth
Social Networking
Activities Total Men Women
Under
45 45-54 55+ <$200k
$200k-
$299k $300k+ <$1 mil
$1 -$4.9
mil $5 mil+
Join a club or group 31% 30% 31% 44% 28% 21% 25% 37% 31% 32% 28% 32%
Browse new profiles of
people outside my network28% 30% 26% 36% 30% 18% 23% 26% 36% 27% 30% 29%
Submit/post a link on the site 20% 18% 21% 26% 21% 13% 18% 27% 15% 18% 25% 14%
Check to see what my
child/children are doing online19% 12% 25% 11% 28% 18% 20% 20% 16% 18% 19% 18%
Look up information on a
specific company19% 21% 16% 18% 21% 17% 18% 19% 18% 16% 21% 22%
Vote for site content 11% 13% 9% 18% 9% 6% 11% 12% 11% 12% 10% 12%
Rate site content (videos,
photos, etc.)9% 12% 7% 16% 7% 5% 9% 9% 11% 8% 11% 12%
Participate in a advertiser or
marketing initiative on the site8% 10% 6% 5% 7% 12% 9% 6% 8% 8% 5% 13%
Start a club or group 5% 3% 7% 13% 3% 1% 5% 7% 5% 6% 5% 5%
n= 316 113 203 130 105 81 163 101 52 194 91 31
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
35
Trends In Online Activities Plan To Do
In 2008 asked as: Q: Please indicate whether you do or
plan to do any of the following activities through the
community or networking sites that you are a member of?
(Base: n = 501 social networkers)
In 2009 asked as: Q: Please indicate whether you plan to
do any of the online activities below. (Base: n = 316 social
networkers)
** Option not asked in 2008.
indicates statistically significant change since 2008 at
90% confidence level.
Online Activities
Plan To Do
11%
14%
18%
19%
18%
20%
14%
16%
16%
15%
17%
17%
16%
18%
16%
15%
16%
12%
11%
9%
9%
9%
9%
8%
8%
8%
7%
7%
6%
6%
6%
4%
3%
3%
Look up information on a specific
company**
Instant message
Upload your own content
Post a comment on others’ profile page
Submit/post a link on the site
Participate in a advertiser or marketing
initiative on the site
Check profiles of people in my network
Post a comment on others’ content
Receive comments on your own content
Browse new profiles of people outside my
network
Rate site content
Create a personal profile
Receive comments on your own profile
page
Vote for site content
Check to see what my child/ children are
doing online**
Join a club or group
Start a club or group
2008
2009
Compared to in 2008,
fewer social networkers
have plans to do the
majority of these online
activities, except for email
and instant messaging.
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
36
Trend In Personal Profile Updating
How Often Personal Profile Is Updated
4%8%
6%8%
42%
19%
13%
4% 5% 6%9%
51%
17%
9%
Daily Several times a
week
Once a week 2-3 times a
month
Once a month
or less
Never I don't have a
personal
profile
2008 (Have a personal profile: 87%)
2009 (Have a personal profile: 91%)
Social networkers are more likely to say that they have a personal profile now,
compared to in 2008.
Q: Thinking about the networking or community site(s) you visit most, how often do you update your personal profile?
Base: n (2008) = 501 and n (2009) =316 social networkers indicates statistically significant change since 2008 at 90% confidence level.
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
37
Personal Profile: Demographics
The likelihood of having a personal profile does not vary by demographics.
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: Thinking about the networking or community site(s) you visit most, how often do you update your personal profile? Base: n (2009) =316 social networkers
Percentage Who Have a Personal Profile
91% 92% 90%94% 94%
87%90%
95%90%
93%90% 89%
Total Men Women Under 45 45-54 55+ $150k-
$199k
$200k-
$299k
$300k+ <$1MM $1MM-
$4.9MM
$5MM+
Gender Age Household Income Net Worth
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
38
Trend In Information Included In Personal Profile
Information Included In Personal Profile
43%
27%
48%
45%
26%
37%
11%
9%
7%
5%
7%
58%
51%
47%
46%
42%
40%
13%
10%
10%
5%
4%
Marital or relationship status
Photo(s) of yourself
List of my personal interests or intentions
Age
Photos that you took
My mailing and contact information
Digital images that you've downloaded from other sources
Professional photos
Videos that you took
Professional videos
Other
2008
2009
Q: Which of the following do you have on your personal profile? (Base (2008) = 437 and Base (2009) = 290 social networkers who have a personal profile)
Compared to 2008, wealthy social networkers are significantly more likely to include
their marital or relationship status, photos of themselves, and photos that they took in
their personal profiles.
indicates statistically significant change since 2008 at 90% confidence level.
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
39
Info in Personal Profile by Demographic Group
indicates statistically significant differences between demographic subgroups at 90% confidence level. * Caution, low sample size (n<30)
Q: Which of the following do you have on your personal profile? (Base (2009) = 290 social networkers who have a personal profile)
Gender Age Household Income Net Worth
Info Included in Personal
Profile Total Men Women
Under
45 45-54 55+ <$200k
$200k-
$299k $300k+ <$1 mil
$1 -$4.9
mil $5 mil+
Marital or relationship status 58% 50% 66% 62% 59% 54% 58% 62% 56% 62% 51% 61%
Photo(s) of yourself 51% 44% 58% 56% 53% 44% 52% 52% 50% 50% 50% 57%
List of my personal interests
or intentions47% 46% 49% 50% 50% 42% 50% 43% 48% 43% 46% 65%
Age 46% 48% 43% 41% 43% 52% 41% 43% 53% 42% 44% 59%
Photos that you took 42% 37% 46% 56% 39% 30% 41% 38% 46% 42% 41% 43%
My mailing and contact
information40% 44% 37% 33% 34% 55% 38% 37% 45% 35% 48% 41%
Digital images downloaded
from other sources13% 15% 12% 26% 6% 7% 11% 19% 11% 12% 9% 27%
Professional photos 10% 13% 8% 18% 4% 10% 10% 7% 14% 8% 7% 25%
Videos that you took 10% 10% 9% 21% 3% 4% 6% 17% 6% 9% 12% 8%
Professional videos 5% 6% 4% 10% 3% 1% 4% 4% 7% 4% 5% 8%
Other 4% 4% 3% 4% 6% 1% 3% 6% 2% 4% 5% --
n= 290 104 186 123 96 71 148 96 46 182 80 28*
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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40
Trend in Attitudes Towards Sharing Personal Info
Top 2 Box
Statement Agreement
76%
63%
45%
74%
53%
24%
12%
79%
77%
68%
64%
63%
52%
49%
33%
15%
I would feel more comfortable if there
was an option that prevents marketers
from obtaining members’ personal
information**
It is inappropriate for sites to share
personal information of its members to
advertisers and marketers
I only want people that I know to view
my profile information
I don’t mind, but I’m careful about the
information I post
I’m concerned that access to this
information could lead to identification
theft or fraud
I would feel more comfortable if the
members in the community were
screened and vetted to qualify for
membership**
I worry about the threat of stalkers and
predators, not only for myself but for
others in my household
I don’t mind new people viewing my
personal information if they share the
same interests or connections
I don’t mind, in fact I enjoy it
2008
2009Q: How much do you agree or disagree with the following
statements about sharing personal information online?
Base: n (2008) = 501 and n (2009) =316 social networkers
**Not asked in 2008
indicates statistically significant change since 2008 at
90% confidence level.
The proportion who say
they are careful about the
information they post has
increased significantly from
45% to 64% since 2008.
An increase has also
occurred in the share
agreeing that they are OK
with new people viewing
their information if they
share interests or
connections.
Fewer are saying that they
are concerned about
identification theft or fraud.
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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41
Attitudes About Sharing Personal Info
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: How much do you agree or disagree with the following statements about sharing personal information online? Base: n (2009) =316 social networkers
Gender Age Household Income Net Worth
Top 2 Box Statement
Agreement Total Men Women
Under
45 45-54 55+ <$200k
$200k-
$299k $300k+ <$1 mil
$1 -$4.9
mil $5 mil+
I would feel more comfortable if there
was an option that prevents marketers
from obtaining members’ personal info79% 71% 86% 76% 83% 79% 78% 81% 79% 79% 81% 75%
It is inappropriate for sites to share
personal information of its members to
advertisers and marketers77% 71% 82% 70% 82% 78% 76% 80% 75% 76% 81% 72%
I only want people that I know to view
my profile information68% 52% 83% 69% 79% 56% 74% 69% 60% 72% 70% 53%
I don’t mind, but I’m careful about the
information I post64% 65% 62% 65% 62% 64% 62% 63% 67% 63% 55% 81%
I’m concerned that access to this
information could lead to identification
theft or fraud63% 58% 67% 55% 68% 65% 67% 63% 58% 67% 64% 49%
I would feel more comfortable if the
members were screened and vetted to
qualify for membership52% 48% 56% 54% 49% 53% 47% 52% 58% 51% 54% 52%
I worry about the threat of stalkers and
predators, not only for myself but for
others in my household49% 38% 58% 55% 56% 36% 50% 49% 47% 51% 50% 38%
I don’t mind new people viewing my
personal information if they share the
same interests or connections33% 36% 30% 40% 27% 31% 29% 32% 37% 26% 37% 44%
I don’t mind, in fact I enjoy it 15% 14% 16% 21% 13% 11% 11% 12% 22% 10% 16% 29%
n= 316 113 203 130 105 81 163 101 52 194 91 31
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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42
Change In Activities Due to Social Networking
Q: Have the following activities changed as a result of your participation in social networks? (n = 316 social networkers)
(Note: “Do it the same” and “Never did this” answer options are excluded from the chart for visual clarity.)
Overall, the largest decreases attributed to social network participation are seen in
instant messaging from personal IM accounts and uploading of photos to sites like
Shutterfly or KodakGallery.
Younger consumers are more likely to report shifts in their email usage, how they
organize social events or meet new people.
Change in Activities as a Result of Participation in Social Networks
17%
11%8% 8%
5%3%
6%
15%
7%
16%
8% 8%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
Email from
personal email
accounts
Upload my photos
on sites like
Shutterly.com or
KodakGallery.com
Write a blog on a
personal website
or other blogging
site
Instant message
from personal
instant message
accounts
Organize social
events or parties
on sites like
Evite.com
Meet new people
on online dating
sites like
Match.com or
eHarmony.com
Do it more Do it less or stopped doing
19% if < Age 45 12% if < Age 45 19% among men
13% if < Age 45
The Knowledge of Luxury, The Luxury of Knowledge
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or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
Luxury Institute WealthSurvey
Online Communities & Targeted Groups
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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44
Use/ Likelihood of Using Online Communities
Likelihood of Doing Online Activities
0% 20% 40% 60% 80% 100%
Join a group around a particular topic of interest or hobby
Join a lesser known social network because it was
targeted toward a particular topic of interest or hobby
Connect with someone that you didn’t know because they
were connected to a friend in your network
Join a community dedicated to a luxury brand that is
sponsored by the brand
Connect with someone that you didn’t know because they
shared the same interests or hobbies
Join an independent community dedicated to a luxury
brand that is not sponsored by the brand
Start a club or group around a topic of interest or hobby
in your social network
I have already done this Very likely Somewhat likely Neither likely nor unlikely Somewhat unlikely Very unlikely
Q: Please indicate how likely you would do any of the online activities below. (Base: n = 316 social networkers)
Already
done
this
Likely to
do this
14% 38%
8% 31%
7% 29%
5% 24%
11% 23%
5% 20%
4% 16%
One out of four (24%) wealthy social networkers say that they would be likely to join a
community dedicated to a luxury brand that is sponsored by the brand, and 20% would
join an independent luxury community.
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45
Current Use of Online Communities
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: Please indicate how likely you would do any of the online activities below. (Base: n = 316 social networkers)
Gender Age Household Income Net Worth
Already Do This Total Men Women
Under
45 45-54 55+ <$200k
$200k-
$299k $300k+ <$1 mil
$1 -$4.9
mil $5 mil+
Join a group around a particular
topic of interest or hobby14% 12% 16% 21% 13% 10% 9% 17% 18% 14% 9% 24%
Connect with someone that you
didn’t know because they shared
the same interests or hobbies11% 12% 11% 18% 7% 9% 6% 12% 17% 8% 11% 23%
Join a lesser known social
network because it was targeted
toward a particular topic of
interest or hobby
8% 6% 11% 17% 5% 4% 4% 9% 13% 7% 6% 17%
Connect with someone that you
didn’t know because they were
connected to a friend in your
network
7% 6% 7% 13% 4% 3% 5% 6% 9% 5% 3% 18%
Join an independent community
dedicated to a luxury brand that
is not sponsored by the brand5% 3% 8% 12% 2% 2% 3% 2% 11% 3% 3% 17%
Join a community dedicated to a
luxury brand that is sponsored
by the brand5% 2% 7% 12% 1% 1% 4% 3% 8% 4% 2% 14%
Start a club or group around a
topic of interest or hobby in your
social network4% 1% 7% 11% 2% -- 2% 4% 7% 3% 4% 10%
n= 316 113 203 130 105 81 163 101 52 194 91 31
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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Luxury Institute, LLC. Copyright © 2009 The Luxury Institute, LLC. www.luxuryinstitute.com
46
Likelihood of Using Online Communities
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: Please indicate how likely you would do any of the online activities below. (Base: n = 316 social networkers)
Gender Age Household Income Net Worth
Likely To Do This
(Top 2 Box) Total Men Women
Under
45 45-54 55+ <$200k
$200k-
$299k $300k+ <$1 mil
$1 -$4.9
mil $5 mil+
Join a group around a particular
topic of interest or hobby38% 45% 33% 45% 37% 34% 35% 44% 37% 33% 50% 32%
Join a lesser known social
network because it was targeted
toward a particular topic of
interest or hobby
31% 39% 23% 38% 24% 31% 25% 35% 34% 26% 36% 38%
Connect with someone that you
didn’t know because they were
connected to a friend in your
network
29% 37% 22% 36% 28% 24% 21% 34% 36% 25% 30% 41%
Join a community dedicated to a
luxury brand that is sponsored
by the brand24% 34% 14% 29% 20% 22% 16% 33% 25% 22% 19% 37%
Connect with someone that you
didn’t know because they shared
the same interests or hobbies23% 33% 14% 24% 20% 24% 15% 29% 26% 17% 24% 38%
Join an independent community
dedicated to a luxury brand that
is not sponsored by the brand20% 30% 10% 26% 17% 16% 11% 27% 22% 20% 13% 32%
Start a club or group around a
topic of interest or hobby in your
social network16% 21% 11% 28% 11% 9% 13% 21% 15% 14% 18% 19%
n= 316 113 203 130 105 81 163 101 52 194 91 31
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
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47
Social Shopping Site Membership
Q: Are you a member of any of the following social shopping sites? (Base: n=316 social networkers)
Nearly one in five social networkers belong to a social shopping site.
• Ideeli and Rue LaLa are the most popular.
Membership In Social Shopping Sites
6.1%
6.0%
4.4%
4.1%
4.0%
3.8%
3.5%
1.8%
1.5%
1.3%
1.1%
0.9%
0.8%
0.7%
0.6%
0.4%
0.2%
0.6%
18%
1.5%
Any social shopping site
Ideeli
Rue LaLa
Kaboodle
Haute Look
Shop it to Me
Gilt
Etsy
Editor’s Closet
ShopStyle
StyleFeeder
The Top Secret
Threadless
Glam List
StyleHive
Vente Privee
StyleHop
Regent’s Secret
ThisNext
Other
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
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48
Percentage Who Are Social Shopping Site Members
18%
7%
29%
26%
15% 15%
11%
27%
20%21%
12%
24%
Total Men Women Under 45 45-54 55+ $150k-
$199k
$200k-
$299k
$300k+ <$1MM $1MM-
$4.9MM
$5MM+
Gender Age Household Income Net Worth
Social Shopping Site Membership
Women and wealthy consumers aged under 45 are more likely to be members of
social shopping sites.
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: Are you a member of any of the following social shopping sites? (Base: n=316 social networkers)
The Knowledge of Luxury, The Luxury of Knowledge
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
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Luxury Institute WealthSurvey
Social Media Marketing
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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50
Awareness of Advertising
More than 40% of wealthy social networkers say they do notice the advertiser brands
on the social networking sites that they visit.
Q: Do you notice the presence of advertiser brands on the social networking sites you visit? (n=316 social networkers)
Do you notice the presence of advertiser brands on the social
networking sites that you visit?
I don’t know
13%
No
42%
Yes
45%
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51
Awareness of Advertising by Demographics
Wealthy consumers who earn $200k-$299k are more aware than those who earn less
than $200k of advertiser brands on the social networking sites that they visit.
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: Do you notice the presence of advertiser brands on the social networking sites you visit? (n=316 social networkers)
Percentage Who Are Aware of Advertiser Brands on SN Sites
45%42%
47% 46%44% 43%
37%
53%
46% 46%
39%
53%
Total Men Women Under 45 45-54 55+ $150k-
$199k
$200k-
$299k
$300k+ <$1MM $1MM-
$4.9MM
$5MM+
Gender Age Household Income Net Worth
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
or entity without the prior written consent of The Luxury Institute, LLC. The content is and remains at all times the exclusive intellectual property of The
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52
Membership In Product Group
Thirteen percent of social networkers have joined a group that is based around a
product/ service or a brand.
• Of these, more than a third were solicited via email or other form of communication.
Q: Have you ever joined a group on your social networking site(s) that is based around a product/service or a brand? (n=316 social networkers)
Q: If yes, how did you find them? (n = 45 social networkers who have joined a group based on a product/service or brand)
Have you ever joined a group based
around a product/ service/ brand?
I don’t know
3%
No
84%
Yes
13%
How did you find them?
2%
8%
22%
32%
37%
I received information from an
email or other form of
communication
I found them while I was
searching the site
A friend recommended
Other
I don’t remember
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53
Membership In Product Groups
The likelihood of membership in a group on a social networking site that is based
around a product/ service or brand is strongly related to the age of the consumer.
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: Have you ever joined a group on your social networking site(s) that is based around a product/service or a brand? (n=316 social networkers)
Percentage Who Are Members in a Product Group
13%
10%
16%
22%
14%
3%
13%14%
11%
15%
10%
12%
Total Men Women Under 45 45-54 55+ $150k-
$199k
$200k-
$299k
$300k+ <$1MM $1MM-
$4.9MM
$5MM+
Gender Age Household Income Net Worth
Please be advised that your use of a Luxury Institute or Luxury Board document constitutes your agreement to (i) use the content under a limited license
only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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54
Consumer Behaviors on Social Networks
Q: Please indicate whether you have done any of the following on your social networking site(s). (Base: n=316 social networkers)
Half of the social networkers indicate that they have done at least one of these activities.
• Receiving and giving virtual gifts are the most common behaviors.
• One in ten say they have downloaded a widget or application to their profile page.
Percentage Who Have Done These Activities
26%
19%
16%
12%
12%
10%
10%
9%
6%
5%
49%
8%
Any consumer activity
Received a virtual gift from someone
Send a virtual gift to someone
Recommended a product/service or brand to someone
Become a friend, connect or follow a public personality or
brand (e.g. celebrity, public figure, etc.)
Posted an informal opinion about a product/service or brand to
other people in your network
Download a widget or application to your profile page
Clicked on an advertising unit on a social networking site
Recommended a friend to join a group that was based around
a brand or product/service
Posted a formal opinion about a product/service or brand on
the profile page of the product/service or brand
Made a purchase based on a recommendation gotten through a
social networking site
Download or purchase a song because it was on a friends’
playlist
Explored in detail on slides 55-58
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55
Consumer Behaviors on Social Networks
indicates statistically significant differences between demographic subgroups at 90% confidence level.
Q: Please indicate whether you have done any of the following on your social networking site(s). (Base: n=316 social networkers)
Gender Age Household Income Net Worth
Consumer Activity Total Men Women
Under
45 45-54 55+ <$200k
$200k-
$299k $300k+ <$1 mil
$1 -$4.9
mil $5 mil+
Received a virtual gift from someone 26% 21% 30% 37% 25% 15% 23% 30% 26% 26% 24% 29%
Send a virtual gift to someone 19% 13% 24% 24% 21% 11% 19% 20% 17% 21% 17% 16%
Recommended a product/service or brand
to someone16% 16% 17% 25% 12% 12% 13% 18% 17% 14% 14% 26%
Become a friend, connect or follow a
public personality or brand12% 8% 15% 22% 8% 6% 10% 19% 8% 15% 8% 10%
Posted an informal opinion about a
product/service or brand to other people
in your network12% 15% 9% 13% 9% 13% 11% 13% 11% 11% 11% 15%
Download a widget or application to your
profile page10% 8% 12% 18% 10% 3% 11% 10% 10% 10% 11% 10%
Clicked on an advertising unit on a social
networking site10% 11% 8% 14% 9% 6% 10% 9% 10% 10% 10% 8%
Recommended a friend to join a group
that was based around a brand or
product/service9% 7% 10% 18% 4% 5% 9% 8% 9% 8% 6% 17%
Posted a formal opinion about a
product/service or brand on the profile
page of the product/service or brand8% 9% 7% 11% 9% 5% 7% 10% 7% 7% 10% 8%
Made a purchase based on a
recommendation gotten through a social
networking site6% 7% 5% 12% 4% 2% 6% 10% 2% 8% 3% 7%
Download or purchase a song because it
was on a friends’ playlist5% 4% 6% 7% 2% 7% 6% 5% 5% 4% 4% 12%
n= 316 113 203 130 105 81 163 101 52 194 91 31
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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56
Types of Widgets or Applications Added
Q: What kind of widgets or applications have you added to your profile page?
(Base: n = 36 social networkers who have added widgets or applications to their profile page)
Entertaining widgets or applications are the most commonly added to profile pages,
followed by informational widgets or applications.
Widgets Or Applications Added To Profile Page
44%
35%
29%
7%
67%Entertaining (e.g. games, etc.)
Informational (e.g. weather
updates, sports scores, etc.)
Shopping-related
Tool-oriented (e.g. recipe
finders, search, etc.)
Other
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57
Categories Of Widget/Application Content
Q: What categories of content reflect the types of widgets
or applications you have added to your profile page?
(n = 36 social networkers who have added widgets or
applications to their profile page)
Content of Widget/Application Added To Profile Page
38%
30%
24%
24%
20%
19%
19%
18%
18%
18%
17%
16%
15%
12%
10%
9%
9%
9%
5%
5%
5%
19%
Movies
Weather
Finance
News and current events
Travel
Restaurants
Health/ Fitness
Food/ cooking
Television
Technology/ Electronics
Wine/ spirits
Fashion apparel and accessories
Magazines
Beauty/ Skincare/ Grooming
Real estate
Parenting and family
Private transportation
Automotive
Nightlife/ bars/ clubs
Jewelry/ Watches
Home appliances/ décor/ design
Other
Movies, weather, finance,
and news and current
events are the most
common categories of
widget or application
content.
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58
Branded Widgets Or Applications
One in five of those who have added widgets or applications to their profile page have
downloaded branded widgets or applications, such as those from retailers, other
websites, or movie brands.
Q: Have you downloaded branded widgets or applications (i.e. from retailers, other websites, or movie brands, for example)?
(n = 36 social networkers who have added widgets or applications to their profile page)
Have you downloaded branded widgets or applications?
I don’t know
7%
No
72%
Yes
21%
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59
Learning of New Widgets/ Applications
Q: How do you hear of new widgets and applications for your profile page?
(Base: n = 36 social networkers who have added widgets or applications to their profile page)
Similar shares of consumers with widgets or applications learn about these by
searching, by information pushed to them and through friend’s recommendations.
How do you hear of new widgets and applications?
I don’t remember
30%
Other
1%
A friend recommended
22%
I received information
from an email or other
form of communication
23%
I found them while I was
searching the site
24%
The Knowledge of Luxury, The Luxury of Knowledge
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Luxury Institute WealthSurvey
Social Media Barriers To Entry
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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61
Trend In Social Media Barriers
Top 2 Box Statement Agreement
82%
67%
70%
72%
72%
71%
50%
45%
75%
72%
70%
69%
60%
58%
52%
27%
I have other methods of
communicating with my friends,
colleagues, family
Networking or community sites are
just not for me
I don't feel comfortable posting any
of my personal information online
I don't want to be subjected to
unwanted contact by solicitors or
old acquaintances
I don't trust the sites to keep my
personal information private
These sites seem targeted for
younger online users
These sites require time to use,
and I don't have much free time
I'm not familiar with the type of
activities I can do on these sites2008
2009
Q: How much do you agree or disagree with the following
statements about why you do not visit any of these sites?
Base: n (2008) = 304 and n (2009) =111 wealthy
consumers who have not joined social networks
indicates statistically significant change since 2008 at 90%
confidence level.
The top reason for not
joining social networks
continues to be: “I have
other methods of
communicating.”
Fewer are saying that they
don’t trust that personal
information will be private,
that the sites are targeted
for younger users, and that
they are not familiar with
the activities they can do.
Chart continued on next slide
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62
Trend In Social Media Barriers…Continued
Top 2 Box Statement Agreement
41%
31%
22%
20%
5%
14%
12%
18%
18%
17%
8%
8%
7%
5%
0%
I only join sites that have free
membership
I've never heard of these sites
These sites seem complicated to
use
I haven't had the opportunity to
check them out, but I plan to
I used to be a member of this site,
but I no longer join**
I know too many people on these
sites, and I prefer to join sites
where I don't know anyone
I tend to join sites where my offline
friends/ acquaintances are already
members
I don't qualify for membership / I
was not invited to join2008
2009
Q: How much do you agree or disagree with the following
statements about why you do not visit any of these sites?
Base: n (2008) = 304 and n (2009) =111 wealthy
consumers who have not joined social networks **Not
asked in 2008
indicates statistically significant change since 2008 at
90% confidence level.
Significantly fewer are
saying that they only join
sites with free membership,
they have never heard of
these sites, they haven’t
had the opportunity to
check them out, and that
they tend to join sites where
their offline friends and
acquaintances are already
members.
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Luxury Institute WealthSurvey
Appendix: Respondent Profile
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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64
Demographics of Survey Sample
Q: What type of mobile device do you own? (Base: n = 427 wealthy consumers)
Ownership Of Mobile Device
26%
25%
14%
3%
28%
86%Any device
Web-enabled cell phone
Blackberry
iPhone
Treo
Other type of mobile phone or
device
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65
Demographics of Survey Sample
Hours per Week Use the Internet at home
(for purposes other than email)
21% 21%
15%
18%
26%
1-3 hours 4-5 hours 6-9 hours 10-15 hours 16+ hours
Mean: 10.1
hours
Q: What type of internet connection do you have at home?.
Q: How many hours per week do you spend on the Internet at home for purposes other than email?
(n = 427 wealthy consumers.)
Type Of Internet Service At Home
42%
2%
5%
<1%
51%Cable
DSL
Dial-up
Other
No access at
home
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66
Demographics of Survey Sample
Age Distribution
6%
7%
6%
10%
18%
14%
15%
11%
14%
21-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65 or
older
August 2009 (Median Age: 51)
Q: What is your gender?
Q: Please click on the category that includes your age: (n=427 wealthy consumers.)
Gender
Female,
50%
Male,
50%
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67
Demographics of Survey Sample
Income Distribution
(Median: $233k)
40%
30%
14%
10%
6%
$150,000
and
$199,999
$200,000
and
$299,999
$300,000
and
$499,999
$500,000
and
$999,999
$1,000,000
or above
Q: Which group best describes your gross household income (before taxes) for 2008? (Select one)?.
Q: What is your household’s approximate net worth, (including the full equity in your home)? (n=427 wealthy consumers.)
Net Worth
(Median: $1.0 Mil)
12%
11%
11%
14%
17%
18%
6%
1%
4%
5%
2%
<1%
Under $50,000
$50,000 and $99,999
$100,000 and $249,999
$250,000 and $499,999
$500,000 and $749,999
$750,000 and $999,999
$1 million - $1.9 million
$2 million - $4.9 million
$5 million - $7.4 million
$7.5 million - $9.9 million
$10 million - $29.9 million
$30 million or above
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68
Demographics of Survey Sample
Value of Primary Residence
(Median $0.6Mil)
7%
32%
26%
13%
12%
6%
2%
1%
1%
<1%Under $100,000
$100,000 -
$249,999
$250,000 -
$499,999
$500,000 -
$749,999
$750,000 -
$999,999
$1 million - $1.9
million
$2 million - $4.9
million
$5 million - $7.4
million
$7.5 million -
$9.9 million
$10 million or
above
Q: Do you own or rent your primary residence? (n=427 wealthy consumers)
Q: What is the home value of your primary residence? (n=386 wealthy consumers who own their primary residence)
Type of Primary Residence
Other
1%Rent
9%
Own
90%
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69
Demographics of Survey Sample
Additional Family Members
37%
12%
11%
15%
20%
92%
Children under age 18 (net)
5 years of age and younger
6-8 years of age
9-12 years of age
13-17 years of age
18 years of age and older
(besides self)
Q: Including yourself, how many people currently in your household are in each of the following age groups? (n=427 wealthy consumers)
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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70
Demographics of Survey Sample
Employment
53%
9%
11%
2%
1%
12%
1%
9%
1%
Employed full time
Employed part time
Self-employed
Not employed, but looking for
work
Not employed and not looking
for work
Retired
Student
Homemaker
Prefer not to answer
Q: What is your highest level of education?
Q: Which one of the following best describes your employment status? (n=427 wealthy consumers.)
Education
12%
45%
4%
<1%
3%
<1%
36%
9th to 12th
grade, no
diploma
High school
graduate or
equivalent
Some college,
no degree
Associate
degree
Bachelor's
degree
Graduate or
professional
degree
Other, please
specify
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only for your own internal purposes, and (ii) not disclose, publish or otherwise make public or provide the content, in whole or in part, to any third person
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71
Demographics of Survey Sample
Ethnicity
89%
4%
3%
0
1%
1%
1%
White/Caucasian
Black/African
American
Asian
Pacific Islander
Native American
Other
Prefer not to
answer
Q: Are you Spanish/Hispanic/Latino?
Q: Which one of the following best describes you? (n=427 wealthy consumers.)
Spanish/Hispanic/Latino?
No
95%
Yes
5%
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72
Demographics of Survey Sample
Q: In which state do you live? (n=427 wealthy consumers)
State of Residence
0.0%1.0%
0.0%
0.6%
13.1%
2.3%
3.2%
0.3%
0.2%
6.0%
3.5%
0.0%
0.4%
0.5%
6.1%
0.6%
1.1%
0.6%
0.4%
1.7%
4.2%
0.0%
3.2%
2.9%
1.4%
AK
AL
AR
AZ
CA
CO
CT
DC
DE
FL
GA
HI
IA
ID
IL
IN
KS
KY
LA
MA
MD
ME
MI
MN
MO
0.1%
0.0%
1.7%
0.0%
0.5%
0.8%
7.1%
0.2%
0.5%
12.2%
4.2%
0.0%
0.0%
5.6%
0.4%
0.5%
0.0%
1.6%
5.0%
0.3%
3.2%
0.0%
1.4%
1.3%
0.0%
0.1%
MS
MT
NC
ND
NE
NH
NJ
NM
NV
NY
OH
OK
OR
PA
RI
SC
SD
TN
TX
UT
VA
VT
WA
WI
WV
WY
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