Many Americans Delay Eyecare Because They Can't Afford It

By Staff
Friday, January 18, 2019 3:47 PM Many Americans are postponing eyecare and other types of health care because they can’t afford it. According to research from financial website Earnin that was recently reported in Statista 54 percent of people in the U.S. who earn between $75,000 and $99,000 have delayed medical care in the past 12 months because they couldn't afford it. Not surprisingly, the percentage is higher for those in lower income brackets. The most commonly delayed types of care resulting from a lack of money are dental or orthodontic work (55 percent), eyecare (43 percent), and annual exams (30 percent).

America's Best Employers for Diversity

By Staff
Wednesday, January 16, 2019 1:56 PM Diversity has been trust into the spotlight in the wake of high profile sexual harassment, ethnicity and gender discrimination allegations during the emergence of #MeToo. A multitude of studies have shown that diversity can be a tremendous asset to companies with more diverse teams resulting in better financial results. Considering its importance, Statista and Forbes worked together to compile a list of America's best employers for diversity. That involved surveying 50,000 employees in the U.S. and examining the diversity of top executive teams and boards. It also looked at whether companies have leaders that promote diversity as well as whether a company proactively communicates about the topic.

More Americans Are Making No Weekly Purchases With Cash

By Staff
Wednesday, January 16, 2019 12:19 PM Americans are becoming less reliant on physical currency. Roughly three-in-ten U.S. adults (29 percent) say they make no purchases using cash during a typical week, up slightly from 24 percent in 2015. And the share who say that all or almost all of their weekly purchases are made using cash has modestly decreased, from 24 percent in 2015 to 18 percent today, according to a new Pew Research Center survey that comes as some businesses experiment with becoming cashless establishments. Adults with an annual household income of $75,000 or more are more than twice as likely as those earning less than $30,000 a year to say they do not make any purchases using cash in a typical week (41 percent vs. 18 percent).

Total Consumer Tech Revenue to Reach Record $398 Billion in 2019, Says CTA

By Staff
Monday, January 14, 2019 2:13 PM Artificial intelligence (AI) and fast connectivity—critical ingredients for the next era of category leaders such as smartphones, smart home devices and smart speakers—will drive the U.S. consumer technology industry to a record-breaking $398 billion in retail revenues ($301 billion wholesale) in 2019 and 3.9 percent year-over-year (YOY) growth, which includes streaming services revenue, according to the Consumer Technology Association (CTA).

Retailers Lose Billions to Theft, Fraud and Human Error

By Staff
Monday, January 14, 2019 1:34 PM Being a brick-and-mortar retailer isn’t easy these days. Aside from the obvious problem of having to compete with thousands of online retailers, you also must deal with shoplifters, dishonest employees and organized criminals taking a bite out of your bottom line, a recent story from Statista.com said. According to a report by the National Retail Federation, U.S. retailers lose 1.33 percent of sales on average to inventory shrink, i.e. a loss of inventory related to theft, shoplifting, error or fraud, costing the U.S. retail economy a total of $46.8 billion in 2017.

United Van Lines’ Study Finds New Jersey Tops List of Outbound Population Migration

By Staff
Friday, January 11, 2019 10:30 AM In the recently released United Van Lines' 2018 National Movers Study, New Jersey ranked at the top of the list for outbound moves. The state has ranked in the Top 10 for people moving out every year for the past decade, according to the study. According to the United study, more New Jersey residents moved out of the state than residents of any other state in 2018, with 66.8 percent of the people in New Jersey who moved last year leaving the state rather than moving into New Jersey. This is United Van Lines’ 42nd annual national moving study, which tracks customers’ state-to-state migration patterns over the past year. In 2018, New Jersey actually moved up one spot on the outbound list to No. 1. The state has ranked in the top 10 for the past decade, according to United. Among the primary reasons New Jersey residents cited for moving out were: changing jobs (34.7 percent), retirement (34.5 percent), lifestyle (17.4 percent) and health (6.2 percent), according to the study.

Survey Says Be Kinder to Yourself in 2019

By Staff
Thursday, January 10, 2019 3:03 PM A majority of respondents to a recent Women In Optometry poll said that they would like to be a little kinder to themselves this year. Nearly 80 percent said that this year, they'll take a little more time for themselves. A number of ODs say that even if they do some things that bring them joy or satisfaction now, they'll like to do more in the year to come. Physical exercise, reading or journaling and spending time with friends are the top activities that people would like to do more of. Cooking is the one activity listed that fewer people would like to do this year with their spare time. Work demands are the top reason why people don't take time for themselves, cited by 80 percent of respondents. Another 58 percent said that household chores and duties keep them from doing more for themselves. Money is a factor cited by 37 percent of respondents.

What Areas Are Retailers Investing In?

By Staff
Wednesday, January 9, 2019 3:31 PM Retail is undergoing a technological transformation that is driving retailers to automate redundant tasks and revamp their mobile strategies, according to a recent feature in eMarketer.Retail. Worldwide retail tech spending will increase 3.6% to $203.6 billion in 2019, according to Gartner. Retailers are investing more in technology at a time when many firms are growing their mobile operations. In a study published in September by VoucherCodes and WBR Insights, 75 percent of senior retail executives from the U.K. and France said they plan to invest heavily in developing mobile apps, coupons and payments. Similarly, in a recent Retail Touchpoints survey of 115 U.S. retail professionals, new technology and mobile technology were the most-cited areas for in-store budget increases in 2018.

Student Debt Woes Seen Impacting Home Ownership

By Staff
Friday, January 4, 2019 12:11 PM Many observers believe there is a student-loan crisis in the United States, which is likely to become more severe. According to the National Association of Realtors, 45 million people across the U.S. are carrying student debt, and an estimated one-fifth of this group are on the hook for more than $100,000 in college loans. What the Realtors find troubling in these statistics, of course, is that this debt is impacting home ownership, as the market research firm Statista noted in a recent post. The Realtors estimate that 83 percent of people in the 22-35 age bracket who have not purchased a home are citing their student debt as a factor in their decision-making. The Northeast of the country is the worst affected and according to a CNBC report, 75 percent of New Hampshire's graduates carry outstanding debt, the worst in the country. Among the New Hampshire graduates, the average amount owed is $36,367. Utah has the lowest rate of debt and graduates there owe an average of $20,000, according to the Statista post.

Ideal Family Size Is Declining, Pew Research Says

By Staff
Thursday, January 3, 2019 2:38 PM About 7 in 10 U.S. parents younger than 50 (71 percent) say it’s unlikely they will have more children in the future—and among childless adults in the same age group, about 4 in 10 (37 percent) say they don’t ever expect to become parents, according to a Pew Research Center survey conducted in July and August. Medical reasons and age top the list of reasons why they are unlikely to have children. These findings come as the U.S. annual fertility rate has hit an all-time low of 60.3 births per 1,000 women of childbearing age. Annual fertility declines have been dramatic over the past decade, as a result of the Great Recession. But even as the economy has rebounded, fertility has not followed.

The Top New Year's Resolutions for 2019

By Staff
Wednesday, January 2, 2019 11:45 AM With the new year upon us, many people are already worrying about shedding all of those holiday pounds. A survey about New Year's resolutions published by Inc. has found that diet and healthy eating tops the resolution list for Americans as they welcome 2019. Exercising more comes in second (65 percent) followed by losing weight (54 percent). Number 10 on the resolutions list is spend more time with family and friends (13 percent). According to research on the topic, about 60 percent of us admit that we make New Year's resolutions, but only about 8 percent are successful in achieving them. Regardless of whether or not we achieved our previous resolutions, most of us go right ahead and make a new set of resolutions—hoping for the best. Click here to read the full story from Inc.

Shopping for Eyeglasses Is an Enjoyable Experience

By Staff
Friday, December 28, 2018 2:00 PM Millennials enjoy the eyeglass shopping experience the most across all generations and eyecare professionals have the most influence on their purchasing decisions—according to the white paper, “The Eyeglass Consumer: Generational Shopping Behaviors toward Transitions Light Intelligent Lenses,” released by Transitions Optical. Shopping for new eyeglasses is viewed as an enjoyable experience by almost half of eyeglass wearers, regardless of age. However, among Millennials the number is even higher with 59 percent rating the experience of shopping for new eyeglasses as enjoyable or easy.

Half of the World Will Be Online

By Staff
Friday, December 28, 2018 11:51 AM More than half of the world’s population will be online, according to new estimates released by the International Telecommunication Union and reported by the website Statista. The U.N. estimates that about 3.9 billion users are set to go online as 2019 begins, up from 3.6 billion in 2017. Statista’s Sarah Feldman noted that accelerating growth across the many nations in Africa are responsible for this continued uptick. In 2005, only 2 percent of people in Africa used the internet. As of 2018, about a quarter of people in Africa used the internet. Between 2005 and 2018, about four times more people across the world are on the internet.

Digital Advertising to Outpace Traditional Media Ad Spending

By Staff
Thursday, December 27, 2018 1:23 PM Digital advertising in the U.S. is on pace to surpass traditional media ad spending by 2019, according to a new report by eMarketer. The data and research website has created an infographic Snapshot to provide a key to U.S. digital ad spending trends, including how digital fits into the total media ecosystem, how mobile fits into digital, and how quickly advertisers across industries are increasing their digital budgets. eMarketer estimates that by 2020, mobile ad spending will surpass all traditional media combined, and that mobile will account for $76.17 billion of U.S. media ad spending in 2018.

Tracking the Success of the Think About Your Eyes Campaign

By Staff
Thursday, December 27, 2018 11:16 AM Jane Mell Balek, executive director of Think About Your Eyes, reflects on the success of the national public awareness campaign about the importance of scheduling an annual eye exam with an optometrist. “In my short time as executive director, I’ve been overwhelmed by the successes this campaign has already achieved in its short lifespan—a website that received 2 million visits this year alone. 22,000 doctors from 45 states and affiliates can be found by searching patients, and more than 3 million eye exams were performed in 2017. This is all thanks to you, our partners. Without your collective support, this campaign simply would not exist, patients would be missing out on this vital health checkup, and the industry would not have the opportunity to grow. I’m excited about what lies ahead in 2019 and beyond, and to have your support as we continue to grow the campaign.”