Where do they shop most often for everyday items? More than half (51%) visit convenience stores (including community markets, neighborhood stores, corner stores, bodegas and tiendas), followed by grocery stores (25%), gas station stores (5%) and drugstores (3%); 16% indicated they don’t shop at any of these merchant types.
The
In terms of frequency of shopping at their favorite local convenience store, 59% do so between one and six times weekly – more than one third (35%) visit 1-2 times weekly; 17% visit 3-5 times weekly with 7% frequenting their store 6 or more times weekly.
Shopping Habits of Underbanked/Underserved
Other interesting data about underbanked/underserved consumers revealed by the survey:
- They are twice as likely to go to the convenience store almost every day (14%) vs. the general population
- Underbanked consumers prefer to pay for wireless service using prepaid cards (33%) vs. 4% for others; they are less likely to use Verizon (16%) or AT&T (13%) as their carrier.
- One out of three of the underbanked are on SNAP (37%) and are less likely to receive
Social Security than low-income respondents in general (22% vs. 32%). - These consumers are more likely to buy cigarettes and vape products (38%) and less likely to buy alcohol (12%)
“SurgePays’ is laser-focused on meeting the needs of the underbanked and underserved,” said
Additional findings:
- Nearly two-thirds of those surveyed (63%) would switch wireless companies if they could keep their same number and phone while paying a reduced cost
- The top five items consumers typically buy at their preferred local independent store are snack food (71%); coffee/beverages (50%); everyday food/meals (48%); milk (47%); and lottery tickets (32%)
- 37% of consumers who shop at independent convenience stores said they know the first name of their favorite clerk or store owner; that percentage drops to 33% for consumers without a checking, savings or credit card account (vs. 41% with those accounts)
- 46% of respondents have shopped at their favorite independent local convenience store or bodega for four or more years; 14% have shopped with their favorite local store for three years; 21% have shopped there for two years; 10% for one year; and 9% for less than a year
For more information on
About
Feintuch Communications Media Contacts
surgepays@feintuchpr.com
+917-805-4581 / +646-753-5711 / +646-753-5710
Editor’s Note: Contact SurgePays@feintuchpr.com for high resolution images and the chance to interview company management on survey details.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/45fd5d57-430e-465f-93ab-14a49d89da26
https://www.globenewswire.com/NewsRoom/AttachmentNg/a9ff6bf3-270e-4ff5-aeed-90f78bf9042a
https://www.globenewswire.com/NewsRoom/AttachmentNg/39d90d7f-9376-470a-80d0-f546f145ff48
https://www.globenewswire.com/NewsRoom/AttachmentNg/5d574cc2-dbe5-44b3-ba6b-826c020f36ef
Convenience Store Importance
Rating importance
Independent Store Shopping
Types of stores
Shopping Occurence
Shopping Occurence
Shopping Items
Shopping Items
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