Welcome to Klarna’s Money Management Pulse!

Technology has changed the way people manage their everyday personal finances. Checking your account balance is no longer a chore, and payments happen in the blink of an eye without any physical cash transactions. Yet some habits remain, and preferences shift heavily across generations and the globe.

In this report, you will find a pulse check on money management habits in a selection of countries around the world.

Happy exploring!

Methodology.

Insights from Klarna’s consumer research, conducted in cooperation with Nepa across 13 countries (the US, UK, Ireland, Australia, Germany, Austria, the Netherlands, Belgium, France, Sweden, Norway, Finland and Denmark). The research is conducted quarterly and always includes a minimum of 1,000 respondents in each country.

In total, more than 14,114 consumers participated during Q2 2022 (April-June). The sample sizes are nationally representative, naturally including both Klarna users and non-Klarna users, and have been selected by research agency Nepa.

13 countries

14,114 consumers

High interest in personal finances.

It’s a pattern seen across generations. However, Millennials express the highest interest—which correlates with their frequent interactions with financial providers.

Gender has a bigger impact than age.

Although interest in personal finances is consistent across generations, men are generally more interested in personal finance.

Millennials

have the highest overall interest in personal finances compared to younger and older generations.

Gender

has a bigger impact than age. Men express a higher interest in personal finances than women, and the gap is highest in the US, UK, Austria and Sweden. The only countries where women express a higher interest than men are Austria, Finland and Norway—of which the latter two also are the countries with the highest overall interest.

Cash is no longer king.

Our increasingly digitized society also means preferences for payments in physical stores are evolving. In fact, only 2 out of the 13 countries covered in this report have a population preferring cash.

Innovation introduces new habits.

Gen Z’ers preference for digital devices like smartphones and smartwatches means neither hard cash or physical cards have a natural place in their pockets anymore. And with smartwatches on the rise, and biometrics on the horizon, much is likely to change in this space in the near future.

Physical cards growing old

the generations preference for physical cards grows bigger with age, while the preference for cash splits relatively evenly in comparison.

Digital overtaking cash

there is a distinct generational differentiation is between physical cards and digital devices like smartphones and smartwatches. Gen Z have a higher preference for paying with smartphones or smartwatches than with cash in all countries.

Contrasting payment preferences across countries.

The difference in payment preferences gets even clearer when the countries are placed next to each other in the index.

Cash remains royal in DACH

Germany and Austria stand out with a high preference for cash compared to the other countries. On the other side of the coin, consumers in Nordic countries seldom use cash and prefer physical payment cards to a much higher extent.

Cash in pocket.

How thick a shoppers’ wallet is varies across countries. The US stands out as the country with the highest amount of cash in shoppers’ wallets as opposed to Nordic countries such as Sweden and Norway.

$94

is the average amount of cash in Americans’ wallets, the most out of any country. That’s $35 more than the average amount of cash found in Swedish wallets ($59), who have the least cash in their wallets.

Cash withdrawals.

Until alternative payment methods become universal, cash will still be relevant. And there will be a need to access funds before payment can be made.

Cash withdrawals are naturally more frequent in countries with a higher preference for cash. Still, they don’t scale with preferences—which may indicate unplanned withdrawals for consumers who would have preferred to pay otherwise.

Younger generations tend to withdraw cash more often despite preferring to pay with digital devices, indicating that availability is not meeting the demands.

3x

the average American withdraws cash almost 3 times as often as the average Swede.

Digitalization is changing the way people bank.

All over the world, well-established banks are closing down their physical banking locations as consumers increasingly interact with their funds digitally. At the same time, neo-banks are challenging incumbents with a digital-first approach for specific banking services.

Mobile banking on the rise.

New and innovative mobile apps are offered by both the established banks and the challengers. Meanwhile, consumers have become increasingly tech-savvy.

Mobile and tablet

usage for financial services is generally trending upwards worldwide. This is especially true for activities such as checking one’s account balance and money transfers. Meanwhile, the usage of computer browsers is trending downwards across the world.

Digital banking around the world.

Thanks to the increased availability of innovative digital solutions, higher tech-savviness, and raised interest in personal finance—the way people bank is changing. Still, the pace at which it is all evolving varies across demographics.

Gen Z & Millennials

are mobile first, using apps and browsers on mobile devices, while Gen X and Baby Boomers more often use computers to access banking services.

Younger generations interact with banking services at a higher frequency.

Mobile banking increases accessibility to services, enabling less financially experienced consumers to retain better control over their money.

Americans and Brits

interact with financial services more often than others, across all activities measured.

Younger generations

use financial services more often, especially for transferring money, sorting expenses into categories and managing their savings. The youngest Americans and Australians manage their savings about twice as often as their peers in the Nordic countries.

Attitudes to savings.

When it comes to saving money, the differences are not as evident in the share of income saved as it is in the way that people choose to do with that money. The most significant differences are found in the attitudes around investing money to grow funds or potentially risk losing one’s funds.

8 out of 10 save money.

Across all countries and generations, consumers consistently are saving money. 

82%

saves money from their income in the wider global population. Gen Z’ers (90%) are the most frugal generation.

12%

is the average share of income saved. Gen Z’ers (17%) allocate money for savings to the highest extent.

Save in a bank account. Or invest.

The attitude towards utilizing various investments to grow savings or keep money in a bank account is shared across generations. But not across countries.

Gender

has a bigger impact than age, and men invest at a higher rate than women in all countries.

Country of residence

has an even bigger impact. The difference between the share of the population saving money in bank accounts and those investing is highest in the UK, Australia, the Netherlands, and France. (It’s lowest in Sweden and Finland.)

Stocks, bonds—or cryptocurrency.

There are numerous ways to invest for those willing to do so, each with its potential upsides and risks. 

Stocks

are the most popular form of investment in every country except Germany, Austria, and Sweden, who instead prefer mutual funds and ETF’s.

2x

men are twice as likely to invest in cryptocurrencies than women.

Environmentally sustainable investments are in-demand.

Growing money—while promoting planet health. The majority has considered investing in companies with an environmentally sustainable profile.

1 in 3

consumers have actively chosen to invest in environmentally sustainable companies, and as many have considered it but not yet done so. Only 27% say that they choose the investment product that will yield the highest returns regardless if they are sustainable or not.

Saving for a rainy day—or a sunny place.

The most common reasons for saving differ across generations, and depending on where you live.

2x

Baby boomers are more than twice as likely to be saving money for the purpose of having a buffer for unforeseen expenses compared to Gen Z’ers.

7x

Gen Z’ers are instead primarily saving to afford a house or apartment as primary residence. They are 7 times more likely to do that compared to Baby boomers, 3 times compared to Gen X’ers and slightly more likely than Millennials, who represent the generational tipping point between primarily focusing on building a rainy day fund and entering the housing market.

A bright future.

People across the world are optimistic about their future financial outlook—and more people believe they will be in a better place in the near future.

Most have a positive outlook.

And it is especially the young who believe their financial situation will be improved.

And that’s that.

Klarna’s Money Management Pulse insights are updated quarterly, so stay tuned for future updates.

Thirsty for more knowledge?

Make sure to check out the other reports that are available at Klarna Insights!

Loyalty cards.

Plastic loyalty cards. Most of us have a whole bunch of them stacked in our wallets or lying around at home and have most definitely been offered to sign up to many more. They promise us discounts, cashback and rewards for being loyal customers when shopping in-store. But there are only so many loyalty cards you can fit into one wallet. How can brands convince consumers to sign up to yet another loyalty program? How is shoppers’ behaviour with respect to loyalty cards changing in the face of the rising popularity of mobile payments?

In this report, we deep dive into the attitudes towards loyalty cards across 19 markets, with responses from 20,000 consumers across the world.

Happy exploring!

Methodology.

Klarna research occurred in May 2022, in cooperation with Dynata and across 19 countries (US, Canada, UK, Ireland, Australia, New Zealand, Germany, Austria, Poland, Netherlands, Belgium, France, Sweden, Norway, Finland, Denmark, Italy, Spain, and Portugal). The survey includes a minimum of 1,000 respondents in each country. In total, 20,413 consumers ages 18 to 75 participated.

19 countries

20,413 consumers

Are there more loyalty cards or wallets in the world?

The retail version of the “doors or wheels” brain teaser could be “loyalty cards or wallets”. If you check the homes and pockets of shoppers across the world, will you find more loyalty cards or wallets?

The majority has more than one.

Many retailers offer incentives and benefits to retain loyal customers and it’s clear they are very popular. While very few shoppers are not tempted by discounts and rewards from their favorite retailers, the vast majority has more than one.

84%

have at least one loyalty card.

68%

have more than one.

Most loyalty card holders use it at least one once a week.

Whether you’re shopping for groceries and everyday essentials, making a dream purchase or have found yourself at the checkout with an impulse buy, reward programs appear to work well as an incentive for using loyalty cards. After all, every penny spent counts towards a return. 2 out of 3 are using a loyalty card on a weekly basis, while 9 out of 10 are using them once a month. An estimate based on the frequency of usage shows that the average shopper uses a loyalty card around 108 times each year.

Overwhelming amounts of physical cards.

Today, despite a massive shift towards digital payments, you are still very likely to find a plastic loyalty card in most shoppers’ wallets. But you are equally as likely to find a shopper who has left one or more of their cards at home, or rejected the idea of signing up to another loyalty program altogether, unwilling to carry another card with them while out shopping.

The wide availability of loyalty programs is overwhelming for shoppers.

Ever been out shopping and been asked to join another reward program? You are not alone. We’ve all been there, stood at the checkout weighing up whether it’s worth signing up to another loyalty program. Is the opportunity to save money great enough? Is it worth having to carry another card with me? With the majority of retailers offering a loyalty program these days, consumers are feeling overwhelmed. This sentiment is felt most strongly by younger generations, while the Baby Boomers are the most open to joining new and a broader number of programs.

Many loyalty cards are left behind by shoppers.

Despite the benefits of discounts, rewards and cash back loyalty programs, the majority of shoppers are not bringing all their loyalty cards with them when they go shopping – which means that they risk losing out on the benefits if caught without their card at the checkout.

52%

52% of shoppers don’t carry all their loyalty cards with them.

Gen Z

are the most likely to leave their physical cards at home, and less than a third (31%) have all their loyalty cards available when they go shopping.

The vast majority of shoppers have rejected a new loyalty card.

There are no downsides to signing up for a loyalty card… or are there? Despite loyalty cards being offered to shoppers for free, with the intention to save users money, consumers still reject signing up to new loyalty programs. Why? For the majority, it comes down to how attractive the reward program is, although nearly one-third have also avoided a loyalty program simply because they didn’t want to add another card to their wallet. What’s clear is for retailers to onboard new loyalty members, the kickback needs to outweigh the hassle of signing-up and committing to another card.

74%

of shoppers have rejected a loyalty card. Gen Z’ers (81%) are the most likely to have done so, while Baby Boomers (55%) are the least.

33%

say it is because they don’t want another card to carry with them – or any plastic cards at all.

Missing out on the benefits.

Have you ever reached the checkout to discover you left your loyalty card at home so can’t collect the reward points? Or that you previously declined one in the same checkout because you didn’t want to carry another plastic card? You are not alone with this either, and you are once again more likely a member of the younger generations.

Is the future of loyalty cards digital?

The shift towards digital has never been faster. Today shoppers are in search of more efficient solutions that help them save time and money when shopping. With smart ways to pay on your phone, loyalty cards will follow a similar transition.

Shoppers are positive towards replacing their plastic cards with a mobile app.

Unsurprisingly, given that shoppers express feeling overwhelmed by the amount of loyalty programs available and as a result, the number of plastic cards they need to carry with them, an overwhelming majority are positive towards carrying them digitally.

73% of shoppers globally are positive about replacing their plastic cards with an app that stores all of their loyalty and rewards programs digitally. While this trend is reflective across demographics, the sentiment is the strongest among the younger generations, with 81% of Gen Z’ers and 82% of Millennials look forward to a future in which they never miss out on potential benefits in the checkout when shopping at their favorite stores – assuming they wouldn’t leave their smartphones at home.

And that’s that.

Thirsty for more knowledge?

Make sure to check out the other reports available at Klarna Insights.

Dream Deals.

Dreams take many forms. There are the ones when people shut their eyes and nod off to sleep—whether for a brief snooze or a restful evening—and there’s the more aspirational sort. Some dreams see a person take flight and soar high above the earth, and some involve purchasing or acquiring a desired object. 

While Klarna hasn’t yet figured out how to make that dream of you shooting laser beams from your eyes a reality (don’t worry, we’ll get engineers on it!), we are laser-focused on helping shoppers score the dream item they’ve always wanted. 

After all, one in two shoppers has an item they consider their “dream purchase,” which is why Klarna has announced the launch of Dream Deal Days, a three-day event offering consumers exclusive deals and exciting product drops with some of the world’s biggest retail brands. 

To better understand what shoppers dream about (from the literal to the figurative), we’ve created the Dream Deals Report, exploring shoppers’ dreaming habits and patterns, and their dream purchases and shopping desires.

Methodology.

Klarna research occurred in May 2022, in cooperation with Dynata and across 19 countries (US, Canada, UK, Ireland, Australia, New Zealand, Germany, Austria, Poland, Netherlands, Belgium, France, Sweden, Norway, Finland, Denmark, Italy, Spain, and Portugal). The survey includes a minimum of 1,000 respondents in each country. In total, 20,413 consumers ages 18 to 75 participated.

19 countries

20,413 consumers

Dreams.

First, the literal. With nearly 8 billion people in the world, there is a whole universe of imagination created by our subconscious every day.

This chapter explores people’s actual dreaming habits and patterns, looking at how often people dream, the types of dreams, and the most common themes globally and nationally.

The dreamiest nation is…

Quantifying the number of dreams every day is a herculean task, but when asked how frequently a person can recall their sleeping dreams, the global average comes to 119 days in a year. For those moments during the day when people drift off for a bit, the average number of days with daydreams is 107, making the combined number of total dreams for the average person around 226 per year.

While nighttime dreaming is consistent worldwide, there is a much more diverse frequency for daydreaming connected to the region where a person lives.

For example, people in Ireland are most likely to daydream (145 per year), while those in Poland are significantly more unlikely to do so (43 per year). The difference between the Nordic countries of Sweden (132), Finland (128), and Norway (124), though, is much less pronounced, with a difference of only 8 separating them. And while thousands of kilometers divide the nations, there’s no separation between the people of Australia and New Zealand when it comes to daydreaming.

  • Canadians have the most dreams at night (143) on average, while the US has the most daydreams (141) per year.

  • The Irish have the highest number of dreams (272) per year, counting both night and day.

  • Men and women average the same amount of dreams at night per year (119), while women daydream 13% more over a year.

Daydream believers.

The US has the most average daydreams per year (141), while Ireland is the country with the most daydreams compared to night dreams (+19 more daydreams), and Poland and France are on the opposite side (+63 more night dreams).

Day dreamers

US, UK, Ireland, Australia, New Zealand, Sweden, Finland

Night dreamers

Canada, Germany, Austria, Poland, Netherlands, Belgium, France, Norway, Denmark, Italy, Spain, Portugal

The dreams of youth.

The younger you are, the more likely you will have healing dreams or ones where you dream something that later actually happens, while lucid and recurring dreams seem consistent across generations. On a global average, Gen Z’ers are more than twice as likely to have healing (+145%) and prophetic (+123%) dreams than Baby Boomers.

Highest share of

Healing dreams: US, Canada (24%)

Prophetic dreams: US, Canada, Poland (32%)

Lucid dreams: Spain, Portugal (50%)

Recurring dreams: Sweden, the Netherlands (53%)

Keeping the dream alive.

While everyone has dreams, not every dream gets remembered. About every fourth person occasionally writes down their dreams, but only a few keep a regular dream diary.

The eagerness to recall dreams seems to be a generational preference, as Gen Z’ers (45%) and Millennials (37%) are far more likely to write down their dreams as compared to Gen X’ers (17%) and Baby Boomers (7%).

Most people (60%) say they have researched what their dreams mean, and 1 in 4 Gen Z’ers (24%) do it often.

Would you like cheese on that?

More than a third of people (37%) say they’d actively choose to eat or drink something that would help them remember their dreams better. That’s especially great news for dairy manufacturers, as research shows cheese may help with dream recall. Thanks to their cheese consumption, Canadians (37%) are the most likely to have already remembered a dream. Italians are very willing to try this (53%), making them more than twice as willing as the Danish (25%) to do so and significantly outpacing their American (24%) and European (19%) counterparts.

Dreams of adventure.

As for the most common types of dreams, people often experience exploring nature and seeing distant places, more so than imagining themselves as an athlete, musician, or artist. If you’re experiencing an even more far-out dream, you’re in good company, 1 in 5 people has dreamed about going to outer space.

Distant new places.

  • Women dream more often about exploring nature and seeing distant places on Earth. In contrast, men more often dream about going to outer space. However, the differences are more significant across generations than between genders.

  • 30% of Gen Z’ers have dreamt about being social media influencers. That’s least prevalent in Austria (21%) and most common in New Zealand (40%).

Dreamed I was someone new.

Reflecting their values and interests, Gen Z’ers and Millennials are more likely to dream about quitting their jobs to pursue passions or turn hobbies into careers, or dream about innovating something impactful or innovative for the greater good.

Meanwhile, for people over the age of 40 there seems to be a drastic decrease in dreams overall.

The only consistent dream among all generations is around travel or going on vacation.

Balancing good and villainy.

Dreams where a person becomes a superhero, are more common than dreaming about being the villain in all countries, but there are wide variations in how frequent it is across borders. Spanish people are ten times more likely to dream about being a superhero than a villain, whereas in Finland and Poland, they dream about being a villain almost as often as being the hero.

In a similar comparison, it seems that there is a clear divide between countries when it comes to whether it’s more common to dream about becoming a real person or a fictional character.

The ideal dream purchase.

Having explored what people dream about while asleep, in this section, we explore what shoppers across the world consider to be a “dream purchase.” For many shoppers, there is one (or many!) items out there they have been pining over or admiring from a distance. Some items are more obtainable, others are more aspirational. Either way, we checked in with shoppers on how long they’d wait to make a purchase, how much they’re willing to spend, and more.

What triggers a dream purchase?

In some countries, as many as two-thirds of people have an ideal dream purchase they are looking to purchase. And about half say there is a specific event that would trigger a dream purchase. What that occasion is, varies across countries and generations, but the most common reason seems to be moving to a new residence.

Baby Boomers (20%) are four times more likely to consider retirement a motivator for a dream purchase compared to younger age groups (5%) for whom retirement feels much farther away. On the contrary, at the starting point of working life, Gen Z’ers (20%) are ten times more likely to consider graduation a motivating factor compared to Baby Boomers (2%).

Dreaming for someone else.

Shoppers aren’t only thinking of themselves, approximately half also have a “dream purchase” for someone else. Most often, that someone is a family member or significant other—this is consistent across age groups. However, the younger you are, the more likely you are to be planning to surprise a friend over a family member with their ideal dream purchase.

Defining a dream purchase.

The idea behind dream purchases is something that solves a particular need or opens up new life opportunities, and is consistent across generations. However, younger generations are more likely to consider dream purchases as something to support their hobbies, or that has emotional value.

Open up new life opportunities or solve a particular need?

  • Americans and Australians are more likely to consider a dream purchase to open up new life opportunities. At the same time, Canadians and Europeans are more likely to want something to solve a particular need.

The price is right? Or the time?

More than one-third (37%) insist it’s impossible to put a price tag on what should be considered an ideal dream purchase, and most shoppers (55%) say there is no specific timeframe one has to wait for an item to become a dream purchase.

And the older (and more experienced?) a person is, the more likely they are to believe a dream purchase doesn’t have to come with a specific price tag or that they have to wait to make their dreams come true. However, among those who would put a price tag on a purchase, only 15% say it has to cost more than $5,000.

And for those saying one needs to wait a specific time before an item becomes a dream purchase, it appears people are eager to make their dreams come true, considering purchasing the item in roughly 95 days, or three months, on a global average.

Reasons for a dream deferred.

The top hindrance preventing a dream purchase is cost (62%). Overall, the average time people are willing to wait for a discount for their dream purchase is 134 days, or about 4-5 months. At the same time, 26% of people are willing to wait however long they have to, while 13% say they won’t wait for a discount at all.

Gender, more than age, seems to have a bigger impact when it comes to being patient for a good deal. Women (29%) are more willing to wait as long as it takes compared to men (22%), while Baby Boomers are both twice as likely to wait as long as it takes (36%) and not wait at all (19%) compared to Gen Z’ers (16% and 7%).

The objects of dreams.

One common experience we’ve seen across demographics and borders is people dreaming about something they do not yet own or possess—call it the “Rosebud effect,” in honor of Citizen Kane. Moving from the ethereal to the (potentially) more tangible, for many people, there are also items they don’t yet possess but are considered “dream purchase.”

Dreams about missing items.

It’s widespread to dream about participating in an activity requiring an object you don’t have (imagine skiing without the skis). Another common theme involves owning an item you don’t actually possess when you wake up (like a magic wand that turns random objects into pastries). About half (43%) of people can recall dreams with these ideas. In these dreams, people are most commonly participating in sports or exercise without the proper equipment, or owning unique fashion items. One noted difference, men regularly imagine owning high-end electronics only to wake up and realize it was just a dream.

Lemme upgrade ya.

Half (49%) of shoppers worldwide are currently looking to level up or improve something important to them. Among the genders, men are more likely to be waiting to make purchases for Electronics, Entertainment, and Leisure, and Sports & Hobby, while women favor Clothing & Shoes, Jewelry & Accessories, Beauty, and Home & Garden to a greater extent.

The most popular products to dream about are electronics, but comparing all age groups to each other, the priorities more clearly shifts:

  • Gen Z: Beauty, and Jewelry & Accessories.
  • Millennials: Children’s Products, and Beauty.
  • Gen X: Leisure, Sports & Hobby, and Home & Garden.
  • Baby Boomers: Baby Boomers: Home & Garden, and Leisure, Sports & Hobby.

Kicking up the look.

Among those looking for fashion items, shoes are the top item to level up or replace for both women (49%) and men (50%). Apart from footwear, men want new jeans and jackets, while women prefer dresses and jewelry.

Top of the fashion carts.

  • US shoppers are looking for accessories like hats, gloves, and belts (31%) and jewelry (49%) to a greater extent than in any other country, while in Spain (40%) of people are most eager to level up their swimwear.

  • The greatest differential in priority comes around the desire to buy a new bag with New Zealand (37%) and Germany (7%) in stark contrast.

Leveling up their favorite things.

Hobbies are one of the areas where people are actively looking to upgrade or replace their current items. Overall, about 24% of people on average are looking to do so, with some activities (like making music or learning a new instrument) seeming to attract more dream purchases than others.

Gamers want to level up.

  • More than one-third of people playing computer/video games (35%), and those who make music or are currently learning a new instrument (34%), would like to improve an item they use for that activity.

  • The activities people feel less inclined to level up or replace an item are dancing, yoga, and pilates.

Dreams and DIY activities.

More than one-fourth (26%) say DIY activities like painting, sculpturing, knitting, and crocheting are among the things they like to do the most.

The most popular DIY activity for all generations is painting, except for Baby Boomers who prefer knitting. However, comparing the preferences of all age groups to each other, the preferred activities become more diverse—and so do the things they would like to try the most.

The DIY activities that each generation currently do, and would like to try, the most compared to other generations.

Age groupCurrent favoriteWould like to try the most
Gen ZSculpturingKnitting
MillennialsCalligraphyKnitting
Gen XCandle & Soap makingJewellery
Baby BoomersKnittingPainting

And that’s that.

Thirsty for more knowledge?

Make sure to check out the other reports available at Klarna Insights.

Welcome to Klarna’s mobile shopping report!

Consumer shopping habits have changed. More reliant on digital devices than ever before and with a growing preference towards mobile which is driving significant behavioral changes among consumers, today there is an increased demand for convenience and flexibility while shopping.

As Klarna has recently launched its new shopping app, we took the opportunity to examine how the rise of mobile has changed consumer shopping habits, as well as to identify the emerging trends that will shape shopping in the future as consumers continue to embrace the mobile experience.

In summary, as shopping becomes more mobile-oriented consumers are looking for a digital-first shopping experience overall, with streamlined shopping apps, digital credit cards, and more.

Methodology.

Klarna’s Shopping App Survey was sent out online in collaboration with research agency Dynata to a representative sample of more than 13 000 participants from 13 countries, conducted in collaboration with research agency Dynata.

This report uses additional consumer research conducted with NEPA across 11 countries  (the US, UK, Australia, Germany, Austria, the Netherlands, Belgium, France, Sweden, Norway, and Finland). The research is conducted on a quarterly basis and always includes a minimum of 1000 respondents in each country per quarter. In total, 18,000 consumers participated during Q4 2021 (October-December).

13 countries

18,000 consumers

3 continents


High usage of mobile phones when shopping.

Mobile phones have grown to become one of the most prominent channels for shopping. They have changed the way consumers shop online, helping people to  discover and find what they need quickly, wherever they are and at whatever time.

Mobile shopping as common practice.

Shopping has become increasingly mobile-oriented, with 71% of people on average saying they have shopped on their mobile.

5 in 7

consumers have already shopped on their mobile phones.

79%

of Americans have already shopped on their mobile phones.

Mobile shopping is on the rise compared to two years ago (before the pandemic).

Many consumers have changed their purchasing habits as a result of the pandemic, with more now turning to their mobile devices to carry out their shopping needs.  Although much of the growth in mobile shopping compared to two years ago is Gen Z and Millennial-driven, this trend is reflective across demographics. 

76%

of Gen Z’ers have shopped more on their mobile phones compared to two years ago, compared to 56% of the general population

1 in 2

Baby Boomers in the US, the UK and France have done the same

An increased preference for mobile phones when shopping.

Although the majority of consumers still prefer to purchase online using traditional desktops or laptops, a number of consumers prefer to use mobile devices, and this preference is on the rise.

  • There is a clear trend for increasing mobile preference in the Nordics. Meanwhile, German shoppers are turning in the opposite direction.
  • The US is the only country where the majority of shoppers have a higher preference for mobile devices than computers.
  • The only countries with a mobile preference lower than 30% are Belgium and France. Four countries (Austria, Finland, the Netherlands and Sweden) have a preference below 30% but mobile shopping has clearly trended upwards during 2021.

Millennials rely more on their smartphones for online shopping.

Preferring to shop on mobile correlates with consumers who have a higher online shopping frequency in general. In general, preference for mobile shopping is  highest among younger generations (Millennials and Gen Xers).

This chart illustrates the preference for mobile shopping for consumer groups that are well above the general average.

37%

shop online at least once a week on their mobile phone.

48%

of Millennials shop at least once a week on their mobile phone.

In-store with a digital footprint.

The ability to research products online before visiting a store is an integral part of the path to purchase. Many shoppers start their shopping journey by doing research online using their mobile devices before visiting the store to shop for their final purchases.

The in-store shopping journey begins online.

The digital evolution does not only mean people are shopping more online. Online research, also called “webrooming,” plays an important role throughout the in-store shopping journey. The majority of modern day trips to the mall start online.

The chart below illustrates the percentage of in-store shoppers who usually research online before shopping in physical stores.

  • Online pre-search is most prevalent for Clothing, Electronics and Beauty products.

  • Electronics stands out as a high pre-search category. Consistent across all generations, at least 8 out of 10 shoppers say that they research items in this category before buying in-store.

Online research has become part of the in-store shopping experience.

The evolution of smartphones has forever changed the in-store shopping experience. Similar to online, in-store shoppers are also making comparisons for competitive prices and offers and checking product reviews and testimonials to make sure they are buying the right product. If you see someone on their phone in a store, there’s a high chance they are doing some additional product research before making a final purchase.

The chart below illustrates the hare of in-store shoppers using their smartphone to research products while in physical stores. 

  • Americans, Australians and Scandinavians do this most often.

  • The stereotypical Nordic preference for having more personal space may come as quite handy for in-store shoppers wanting to keep shop owners unaware that they are not texting or checking the weather, but in fact using their mobile to draw price comparisons and see whether the grass is greener somewhere else.

Mobile shopping has also changed the way consumers interact with brands. As a growing number of consumers embrace mobile, the expectations on the online experience continues to reach new heights.  Nowadays, people are looking for a seamless online shopping experience, that meets their personal needs.

More informed mobile shoppers.

While the digitalization of retail has given additional power to the consumer—including more choice and information—it has also made the decision-making process more complex.Drawing price comparisons and searching for deals and promotions are the most common activities people do when shopping online, followed closely by the ability to manage bought and returned items through delivery tracking.

9 in 10

consumers compare prices and look for deals and promotions online.

88%

of consumers keep track of their deliveries and returns

Virtual cards on the rise.

Virtual cards, also known as electronic cards, can be used when making online purchases and act as replacements to regular physical cards.

This chart illustrates the percentage of consumers across the globe who have heard of virtual cards and those who have also used them when making online purchases.

3 in 5

consumers have heard of virtual cards for online transactions

2 in 5

of Gen Z and Millennials have used virtual cards for online shopping

Reasons behind using a virtual card when shopping.

Convenience is key. When shopping online, consumers are actively searching for more efficient and quicker ways to checkout, making it the first driver for using a virtual card.

68%

use virtual cards for convenience in the US.

1 in 2

consumers use virtual cards for improved anonymity, privacy and security.

Online shoppers embracing virtual cards in the future.

When making future online purchases, it is clear that virtual cards are going to be increasingly embraced by consumers.

81%

US Millennials would prefer using a virtual card for their future online purchases.

4 in 5

of Gen Zers would purchase with a virtual card when shopping online.

High usage of mobile apps and shopping apps.

Consumers today have a vast selection of apps installed on their phones, ranging from travel and transportation to shopping, music, and healthcare, among many others. Nonetheless, only a few apps are being used on a weekly basis and consumers express clear frustrations in regards to the number of apps on their devices and how they need to continuously switch between them.

Apps downloaded on one’s phone.

53

is the average number of downloaded apps a Norwegian or Dutch consumer has on its phone.

48

is the average number of apps on a Gen Zer’s phone.

Smartphone owners are only using a few apps on a weekly basis.

Although smartphone users are spending more time in apps than before, there is an upper limit as to how many apps a consumer regularly uses on a weekly basis. Consumers have a limited level of engagement with most of their installed apps.

On average, only a few mobile apps are used on a weekly basis.

1 in 4

uses between only 1 to 10% of their mobile apps.

8%

of consumers use more than half of their existing apps.

High number of shopping apps downloaded.

On average, 1 in 5 consumers have approximately 6 to 10 shopping apps downloaded on their mobile devices.

Number of shopping apps used on a weekly basis.

Among the consumers who have shopping apps installed on their phones, on average over 80% use only 1 to 5 (or none at all) on a weekly basis.

Shopping apps overload.

Although mobile shopping is now common practice, the majority of consumers think they have too many shopping apps on their phones.

The chart illustrates the number of apps a consumer considers of no use and would like to delete off their phone whilst going through their  installed shopping apps.

1 in 4

would delete more than half of their existing shopping apps.

33%

of Swedish consumers would delete more than half of their existing shopping apps.

Preference for one single shopping app.

The majority of consumers would like to move away from a very cluttered and complex shopping app landscape and have expressed clear interest in having one single shopping app to simplify their online shopping experience.

Overwhelmed by too many apps.

The majority of consumers feel overwhelmed about the number of shopping apps available.

The chart illustrates the percentage of consumers feeling overwhelmed by the amount of available shopping apps

40%

 of consumers across the globe feel overwhelmed by the number of apps available.

51%

of Finnish and Dutch consumers feel overwhelmed by the number of apps available.

Preference for one single shopping app.

Consumers are embracing the idea of having one single app that consolidates shopping, payments and post-purchase management, such as order management, delivery and returns tracking – all in one place.

70%

would prefer to have one single app that incorporates all the features of the shopping apps they currently use.

3 in 4

Gen Z and Millennials would prefer to have one single app.

The advantages of having one global shopping app.

Simplicity and convenience seem to be the key motivators for having one single shopping app, allowing consumers to perform multiple actions in one place, as opposed to  having to switch between different apps.

Simplicity.

70% would use one app because they feel it simplifies the whole shopping experience.

Convenience.

68% of consumers are shopping on mobile devices because it saves them time.

The future of mobile shopping.

70%

would prefer having one single app that would incorporate all the features of the shopping apps they currently use.

3 in 4

of Gen Z and Millennials would prefer having one single app.

That’s it for this time!

The insights in Klarna’s Shopping Pulse is updated on a quarterly basis, so stay tuned for future updates.

Thirsty for more knowledge?

Make sure to check out the other reports that are available at Klarna Insights!

Intro

Questo Beauty Report esamina i trend globali degli acquirenti della categoria beauty in Spagna, Italia e Francia, e come i valori dei consumatori e le loro aspettative stanno cambiando.

L’universo che ruota intorno alla bellezza sta cambiando. Mentre la pandemia ha reso la prova del make-up o il gesto di testare i prodotti in un negozio molto più complicati, in generale l’interesse per i prodotti di bellezza è aumentato. 

Oggi, il pubblico fortemente interessato alla bellezza si avvicina alla categoria beauty con un rinnovato desiderio di sostenibilità e tutela dell’ambiente. L’inclusività e la rappresentazione della bellezza sono altre voci in cima alla lista dei consumatori. I consumatori chiedono più varietà alle aziende di prodotti di bellezza, e cercano dei marchi che si allineino ai loro valori sociali.

In questo report sveleremo interessanti informazioni su quello che i consumatori (uomini e donne di tutte le fasce di età) in Europa pensano veramente della bellezza.

Metodologia.

Questo studio rappresentativo è stato condotto nel mese di febbraio 2022 in collaborazione con l’agenzia di ricerche Dynata con oltre 4.000 partecipanti da 3 Paesi (Spagna, Italia e Francia), di cui 3.000 donne.

3 paesi

3,000 donne

Considerazione per i  prodotti beauty.

Nonostante la pandemia di COVID-19 abbia gettato nel caos la categoria per qualche tempo, l’industria del beauty continua a giocare un ruolo importante negli armadietti dei nostri bagni. Dai prodotti per la cura della pelle al make-up, dallo styling per i capelli agli smalti, c’è una quantità infinita di scelte per prodotti di bellezza e di cura della persona che attende i consumatori.

Le categorie beauty su cui si è speso di più.

Tra tutte le categorie beauty disponibili, i prodotti per la pelle sono di gran lunga la categoria per la quale i consumatori spendono maggiormente, seguito subito dopo da make-up e prodotti per il corpo e il bagno. I consumatori di età superiore acquistano prevalentemente prodotti per la pelle, mentre le generazioni più giovani investono in misura uguale in make-up e prodotti skincare.

  • Il 50% dei Baby Boomer in ciascun Paese spende di più per i prodotti per la pelle, rendendoli la loro categoria beauty preferita.

  • 3 su 10 Millennial spendono in modo uguale per prodotti per la pelle e make-up.

I prodotti beauty che “ti fanno sentire bene”.

I motivi alla base dell’acquisto di prodotti beauty oggi girano intorno al concetto di sentirsi bene e coccolarsi. La bellezza è sempre più legata al concetto di benessere.

Coccolarsi

è il fattore predominante per i francesi (51%), mentre per italiani (16%) e spagnoli (20%) è decisamente inferiore.

Sentirsi bene

nella propria pelle è decisamente più importante per gli italiani (33%) e per gli spagnoli (39%) rispetto ai francesi (20%).

Aumento dell’uso di prodotti per la cura della pelle.

In media, l’uso di prodotti per la pelle è maggiore rispetto ai prodotti per il make-up. La pandemia ha sconvolto le vite della maggior parte delle persone, portando i consumatori ad adeguare il proprio stile di vita. Al cambiare delle loro necessità, sono cambiate anche le loro routine di bellezza. Oggi, le generazioni più vecchie tendono ad usare, settimanalmente, più prodotti per la pelle rispetto a quelle più giovani.

  • I prodotti per la pelle hanno la priorità rispetto a quelli per il make-up in quanto, in media, il 90% dei consumatori di prodotti di bellezza li usa almeno una volta a settimana.

  • Tra le diverse generazioni, i Baby Boomer in Francia sono quelli che usano più prodotti per la pelle.

Tecniche di bellezza più trendy.

Una cosa è chiara nel 2022: le persone sono pronte a usare nuovamente il make-up. Mentre l’emergere di nuovi trend all’inizio di ciascun anno non è inusuale, ora che le restrizioni per la pandemia si stanno allentando in tutto il mondo e le persone tornano in ufficio e a vivere una vita sociale attiva, i numeri sono particolarmente evidenti.  Che cosa hanno voluto provare maggiormente le generazioni giovani?

L’highlighting

 è la tecnica di make-up più popolare tra i Millennial spagnoli (72%) e francesi (63%).

Il contouring

è la tecnica di make-up preferita dagli italiani (40%), con oltre il 50% dei Gen Zer e Millennial che l’hanno provata.

Dispositivi per la pelle che fanno parte delle routine beauty.

Per quanto riguarda i prodotti per la pelle, spesso parliamo di prodotti di bellezza essenziali (idratanti, sieri, detergenti eccetera). Tuttavia, un’altra categoria si è imposta nella routine quotidiana: i dispositivi per la pelle. 

Dai rulli di giada ai gadget per la pulizia del viso, ci sono tantissimi modi per migliorare la texture della pelle usando strumenti per il viso. Ma quali sono gli strumenti più popolari e più usati di recente dai consumatori di prodotti beauty?

  • La maggior parte dei consumatori di prodotti beauty in Spagna e Italia ha già usato uno strumento di bellezza nella routine quotidiana.

  • La Gen Z è la generazione che maggiormente usa strumenti per la bellezza della pelle a casa.

  • La spazzola per la pulizia del viso è lo strumento più popolare in tutti e tre i Paesi, anche se i dispositivi per tonificare il viso sono maggiormente usati in Italia (35%) e le maschere a LED in Spagna (30%).

Le principali fonti di ispirazione per i trend beauty.

Attualmente, le tendenze beauty e le ispirazioni sono facilmente condivise tramite un’ampia gamma di contenuti (da quelli generati dagli utenti, a pubblicità dei brand o ai film). Come e dove le donne trovano ispirazione e sono incoraggiate a provare nuove tendenze beauty? Ecco le fonti principali di ispirazione per i trend beauty:

  • 2 su 5 consumatori di prodotti beauty in Francia, Italia e Spagna sono stati incoraggiati a provare nuove tendenze beauty dai propri amici e conoscenti, che sono la principale fonte di ispirazione per i trend beauty.

  • Le valutazioni e le recensioni sono fattori essenziali di ispirazione per i consumatori in Spagna (29%) e Italia (31%), mentre i numeri sono leggermente inferiori per la Francia (17%).

  • 3 su 5 Gen Zer sono ispirati a provare nuove tendenze beauty grazie ai social media (TikTok, Instagram, YouTube)

Impatto del Covid sulle abitudini di bellezza.

Il modo in cui le donne acquistano prodotti di bellezza evolve costantemente, ma la pandemia ha amplificato questo processo. Le abitudini Beauty si sono semplificate e il concetto di amore per se stesse e positività del corpo prendono piede.

Le routine beauty si sono semplificate.

La consapevolezza che la cura della pelle non deve intimidire o essere complessa sta nuovamente guadagnando popolarità, con molte utenti che scelgono routine più funzionali e semplici. Anziché aggiungere dozzine di prodotti alla propria routine quotidiana, la tendenza è ora di tornare a pochi gesti fondamentali. Nonostante i consumatori ora si sentano più a proprio agio ad uscire di casa, la necessità di una routine beauty più semplice è in crescita.

  • Dall’inizio della pandemia, i prodotti per la pelle hanno avuto la priorità rispetto al make-up in tutti e 3 i Paesi.

  • I Gen Zer sono quelli che spendono di più per la propria routine di bellezza.

Ci si aspetta una personalizzazione.

I consumatori cercano innovazione e tecnologia dal mercato della bellezza, nonostante le routine beauty siano semplificate. I consigli personalizzati per la cura della pelle e i servizi fatti su misura sono tra i servizi principali che i consumatori di prodotti di bellezza sarebbero interessati a usare in futuro.

  • I consigli personalizzati per la cura della pelle e i prodotti fatti su misura sono il maggiore interesse dei consumatori di prodotti beauty. 

  • I consumatori beauty italiani e spagnoli sarebbero interessati ad usare app di realtà aumentata per provare il make-up.

L’importanza della cura del corpo a casa.

La pandemia di Covid ha avuto un forte impatto sullo shopping dei prodotti di bellezza e le abitudini beauty. I risultati mostrano che le persone stanno riducendo l’uso del make-up e stanno mettendo al primo posto le routine fatte a casa. Poiché le persone trascorrono più tempo in casa, possono avere più tempo da dedicare alla cura della propria pelle. 

Tra le donne intervistate che hanno deciso di accorciare le proprie routine di bellezza da quando è iniziata la pandemia COVID, 1 su 4 dichiara di concentrarsi ora esclusivamente sulla cura di sé.

  • La ricerca di un look più naturale è il principale motivo per indossare meno make-up, sia in Francia che in Spagna.

  • In Italia, la ragione principale per indossare meno make-up è che si trascorre più tempo in casa.

Amore per se stessi e positività verso il proprio corpo.

I consumatori hanno accolto i lockdown come un’opportunità per dedicare più tempo a se stessi. La nozione di creare e mantenere uno stile di vita sano ha acquisito maggiore importanza, a mano a mano che i consumatori si sono adattati ad uno stile di vita più casalingo. I consumatori di tutte le generazioni hanno messo la salute e il benessere in cima alle loro priorità.

  • 7 su 10 consumatori di prodotti beauty dà la priorità alla salute piuttosto che all’aspetto. 

  • I Gen Zer italiani sono quelli che maggiormente danno la priorità ad apparire belli piuttosto che sentirsi bene. Si distinguono anche i Millennial francesi.

Bellezza sostenibile.

Prezzo, marchio e qualità sono ancora importanti per le decisioni di acquisto del consumatore di prodotti di bellezza. Tuttavia, il consumatore beauty di oggi cerca marchi e prodotti allineati ai propri valori, con tutela dell’ambiente e sostenibilità al primo posto, cosa che porta sempre più persone a cercare prodotti ecologici.

Valori e interessi nella bellezza.

I consumatori hanno anche personalità uniche e scopi diversi, e si sentono emancipati nello scegliere i propri valori e interessi nel campo della bellezza. Le generazioni più giovani si sentono molto vicine al concetto di “bellezza pulita” e l’idea di un “look naturale” è predominante anche nelle altre generazioni.

  • I look naturali sono in cima alle aspirazioni di bellezza di tutti i consumatori beauty.

  • More is more: rispetto agli spagnoli, meno della metà degli italiani descriverebbe il proprio valore di bellezza come “meno è meglio”.

Look naturali e una bellezza pulita sono i vincitori.

“Bellezza pulita” e “make-up biologico” sono molto più che semplici parole in voga. I consumatori sono sempre più consapevoli della potenziale tossicità e dell’inquinamento causato dai prodotti beauty, oltre che dell’impatto negativo e di lunga durata che essi hanno sull’ambiente.

  • 3 su 4 consumatori beauty francesi usa prodotti naturali e biologici.

  • La maggior parte dei consumatori beauty spagnoli e francesi usa prodotti naturali e biologici per ridurre l’impatto sull’ambiente (47%).

  • Metà degli italiani (47%) si preoccupa che i prodotti non siano testati sugli animali.

La sostenibilità è la prima priorità per chi acquista prodotti beauty.

Per molti, la condizione dell’ambiente è una preoccupazione crescente e i consumatori di tutte le generazioni sembrano particolarmente inclini ad adottare comportamenti più consapevoli dal punto di vista ambientale, chiedendo attivamente più trasparenza ai brand di prodotti di bellezza.

  • 4 su 5 consumatrici di prodotti beauty in tutti e 3 i Paesi oggetto del sondaggio ritengono che i marchi di prodotti di bellezza dovrebbero essere più trasparenti circa il loro impegno per la sostenibilità.

  • La grande maggioranza di consumatori beauty legge gli ingredienti più attentamente, quando acquista prodotti di bellezza.

Prodotti beauty ricaricabili.

Il concetto di prodotti ricaricabili gira nell’industria della bellezza da qualche anno. Ora, i consumatori desiderano adottare un approccio sostenibile per le proprie abitudini di acquisto per i prodotti di bellezza e desiderano ridurre i rifiuti passando da prodotti usa-e-getta a prodotti ricaricabili.

  • Se venisse loro data la possibilità, oltre 7 su 10 consumatori di prodotti beauty sarebbero interessati a usare prodotti ricaricabili per ridurre i rifiuti.

  • I Gen Zer in Italia e Spagna esprimono il maggiore interesse nei prodotti ricaricabili, mentre in Francia sono i Millennials ad essere i più interessati.

Welcome to Klarna’s Beauty Report!

This dedicated Beauty Report examines global consumer trends for the beauty category in Spain, Italy, and France and how shopper values and expectations are shifting.

The world of beauty is indeed changing.While the pandemic has made trying make-up on, or testing products in a store difficult at times, in general, interest in beauty hasn’t lessened and indeed is increased in many ways. 

Today’s strong-willed beauty audiences are approaching the category with an increased focus on sustainability and helping the planet. Inclusivity and beauty-representation are also top of mind for consumers. Consumers are demanding more representation and options from beauty companies and are seeking brands to align with their social values as well.

We set out to unveil interesting insights about what consumers across Europe, in all age groups, men and women, really think about beauty.

Methodology.

This representative study was conducted in February 2022 in collaboration with research agency Dynata with more than 4,000 participants from 3 countries (Spain, Italy, and France), including 3,000 women.

3 countries

3,000 female respondents

Beauty appreciation.

Although the COVID-19 pandemic has thrown the category for a loop at times, the beauty industry is still playing a major role in our bathroom cupboards. From skincare products, to make up, or hair styling and nail polish—there’s a never-ending amount of beauty and self-care choices awaiting shoppers.

Beauty categories most spent on.

Among all the beauty categories available overall, skincare is by far the category where beauty shoppers spend the most on, followed closely by makeup, and body & bath products. Among the generations, older shoppers are most likely to buy skincare products, while younger generations invest much more equally on makeup and skincare.

1 in 2

Baby Boomers in each country are spending the most on skincare products, making it their top beauty category.

3 in 10

Millennials spend the most equally on skincare and makeup categories.

“Feel good” beauty.

The reasons behind purchasing a beauty product today revolve around the concept of feeling good and pampering oneself. Beauty is now even more closely tied to notions of wellness.

Self-pampering

is the most essential factor for the French (51%), while for Italians (16%) and Spaniards (20%) it is significantly lower.

Feeling comfortable

in their own skin is far more important to Italians (33%) and Spaniards (39%) than the French (20%).

Increased usage of skincare products.

The usage of skincare products is higher than makeup products on average. The pandemic has pushed many consumers to adapt their lifestyles, and their needs have changed as their daily routine has been disrupted. Older generations, on a weekly basis, tend to use skincare items more than their younger counterparts.

  • Skincare products are prioritised over makeup products as on average 90% of beauty shoppers use them at least once a week.

  • Baby Boomers in France use skincare products the most among other generations.

Top trending beauty techniques.

One thing is clear in 2022: People are ready to wear makeup again. While emerging makeup trends at the beginning of each year are not unusual, this year, as pandemic restrictions ease more worldwide and people return to offices and social activities the numbers are particularly striking.  What have young generations been most keen on trying out lately?

Highlighting

 is the most popular makeup technique among Spanish (72%) and French Millennials (63%).

Contouring

 is favorite makeup technique for Italians (40%) with over 50% of Gen Zers and Millennials trying it.

Skincare tools are part of beauty routines.

When it comes to skincare, we talk a lot about beauty essentials (moisturizers, serums. Cleaners, etc.), but a new category has taken on higher importance in the daily routine: skincare tools. 

From jade rollers to cleansing gadgets, there are plenty of ways to enhance one’s skin with the use of facial tools. But which skincare tools are the most popular and recently used among beauty shoppers?

  • The large majority of Spanish and Italian beauty shoppers have already used a skincare tool in their beauty routine.

  • Gen Z is the generation using at-home skincare tools the most compared to others

  • The facial cleasing brush is the most popular tool in all three countries, although facial toning device is more used in Italy (35%), and LED masks in Spain (30%).

Top sources of inspiration for beauty trends.

Nowadays beauty trends and inspirations can be easily shared through a large spectrum of content (from user-generated content to brand advertising or movies). How and where are women getting inspired and encouraged to try beauty trends? Here’s the top sources of beauty trends inspirations:

  • 2 in 5 beauty shoppers in France, Italy and Spain have been encouraged to try new beauty trends by their friends and acquaintances andare the most prevalent sources of inspiration for beauty trends.

  • Ratings and reviews are important drivers of inspirations for people in Spain (29%) and Italy (31%), while the numbers are a bit lower for the French (17%).

  • 3 in 5 Gen Zers have been inspired to try new beauty trends thanks to social media (TikTok, Instagram, YouTube…)

Covid impact on beauty habits.

The ways women are shopping for beauty products are constantly evolving—but the pandemic has amplified the process. It turns out beauty habits are being  simplified, with the concepts of “self-love” and body positivity gaining traction.

Beauty routines are simplified.

The belief that skincare doesn’t have to be intimidating or complex is also gaining popularity, with many beauty users opting for more functional, simpler routines. Instead of adding dozens of products in their daily routine, the tendency now is to cut it to basic few steps that do the job. Although consumers now feel more comfortable venturing out of their homes, the need for a simpler beauty routine has been accelerated.

Skincare products

are being prioritized over makeup products in all 3 countries since the pandemic happened.

Gen Zers

are the ones spending more time on their beauty routine.

Personalization is the expectation.

Despite beauty routines being simplified, today’s beauty shoppers are seeking innovation and technology from the beauty market. Personalized skincare recommendations and custom-made services are among the main services beauty shoppers would be interested in using in the future.

  • Personalized skincare recommendations and custom-made products are the main interests of beauty shoppers. 

  • Italian and Spanish beauty shoppers would be interested in using augmented reality apps to try on makeup.

Importance of self care.

The Covid pandemic has impacted beauty shopping and beauty habits. Results show people are cutting back on makeup use, and are making self-care a priority. As people are spending more time at home, they may have more time to devote to more thoroughly caring for their skin. 

Among female respondents who decided to shorten their beauty routine since the COVID-pandemic, 1 in 4 state it’s because they only focus on self-care.

  • Wanting a more natural look is the most common reason for wearing less makeup in France and Spain

  • In Italy, the main reason behind wearing less makeup is to spend more time at home

Self-love and body positivity.

Consumers took lockdown as an opportunity to take time for themselves. The notion of building and maintaining a healthy lifestyle has taken on  more importance as shoppers adjusted to homebody lifestyles—consumers from all generations have placed health and wellness at the top of mind

  • 7 in 10 beauty shoppers prioritize health rather than appearance. 

  • Italian Gen Zers are the most willing to prioritize looking good over feeling good. French Millennials also stand out.

Sustainable beauty.

Factors such as price, brand and quality still matter in beauty shoppers’ purchasing decisions. However, today’s beauty shoppers seek out brands and products aligning with their values, with the environment and sustainability as top concerns leading more people to seek out eco-friendly products.

Beauty values and interests.

Consumers also have unique personalities and purposes and feel empowered to choose their own beauty values and interests. Younger generations feel very connected to the concept of “clean beauty”, and the idea of “natural looks” is also prominent across generations.

  • Natural look stands out to be the top beauty aspiration among beauty shoppers.
  • More is more – Italians are less than half as likely as Spaniards to describe their beauty values as “less is more”

Natural look and clean beauty are winners.

“Clean beauty” and “organic makeup” are now much more than buzzwords. Consumers are becoming increasingly aware of not only the potential toxicity and pollution of beauty products, but also the category’s long-lasting negative impact on the environment.

  • 3 in 4 French beauty shoppers use natural and organic products

  • The majority of Spanish and French beauty shoppers use natural and organic products to reduce environmental issues (47%).

  • Half of Italians (47%) care about products not being on animals.

Sustainability is top of mind for beauty shoppers.

For many, the state of the environment is a growing concern and consumers from all generations seem particularly eager to adopt more ecologically conscious behaviors, and are actively seeking transparency from beauty brands.

  • 4 in 5 female beauty shoppers in all 3 countries surveyed think beauty brands should be more transparent about their sustainability credentials

  • The large majority of beauty shoppers are reading packaging more carefully when purchasing a beauty product.

Refillable beauty products.

The concept of refillable products has circled the beauty industry for the past several years. Now, more consumers are striving to take a sustainable approach to their beauty-buying habits and reduce waste by swapping out single-use products for refillable products.

  • If given the chance, over 7 in 10 beauty shoppers would be interested in using refilling products to save packaging waste.

  • Gen Zers in Italy and Spain express the most interest in refilling packaging, whereas in France, the Millennials are the most interested.

That’s it for this time!

The insights in Klarna’s Money Management Pulse is updated on a quarterly basis, so stay tuned for future updates.

Thirsty for more knowledge?

Make sure to check out the other reports that are available at Klarna Insights!

Holiday gift shopping for pets

The Holiday Season is all about giving to family, friends or significant others, but who else is on the receiving end? Pets of course! Everyone deserves something new for Christmas!

If you have thought of purchasing a gift for your pet for Christmas, then you are certainly not alone. 

In this exclusive Pet Report, we were curious to find out who across the world owns a pet, and what presents are given to our furry friends during the Holiday season.

Happy Pawlidays!

Methodology.

Klarna’s Holiday Survey was sent out online in collaboration with research agency Dynata, to a representative sample of more than 16,900 consumers across 16 countries, with more than 1,000 respondents per country.

16 countries

17,000 consumers

3 continents

Holiday gifts for pets

The holidays are no longer just for humans, but also for your four-legged companions and other friends. Let’s take a look at who across the world has put their pet at the top of their present list, and are planning to purchase a gift for their pet during the festive season.

Share of pet owners planning to purchase a gift for their furry family members

American, Norwegian and Finnish pet-owners want their pet to enjoy the festivities the most by treating them with a Christmas gift.

3 in 5

pet-owners plan to purchase a gift for their pet during the Holiday season.

3 in 4

American pet-owners plan to give a present to their pet.

Pet gifting according to generations and gender.

Although pet-owners have an unconditional love for their pets, who is planning to purchase a gift for them at Christmas? Let’s take a look!

Christmas presents for pets, the age group and gender version.

Younger generations plan on treating their pet the most this Christmas. Hint: some pets will have more packages to unwrap than others, as some pet owners are looking to buy several different types of gifts!

3 in 5

women and men plan to let their pet enjoy the festivities by giving them a gift

5 in 7

Millennials will buy a Holiday gift for their pet

Types of gifts from pet-owners

If there is anyone deserving of a gift this holiday season, well, it’s your pet. But what are pets most expecting to find in their stockings this year? Is it toys, an ugly sweater or some treats?

Popular purchases among pet-owners

Here we take a look at the most popular purchases among pet-owners and how they are going to treat their furry family members.

Toys

are the most popular pet gift this Holiday season, followed by Food items.

2 in 5

of American and Norwegian pet-owners treat their pet to their own home decor (beds, bowls, etc). 

Gifting someone else’s pet

While consumers might “like” their friends’ pets pics on Instagram, don’t expect them to buy any special treats this season. Over three-quarters of shoppers say they’re not shopping for anyone else’s pet this year.

Who spoils their friends’ pet?

Let’s check out who among pet-owners are the most generous, and ready to splurge their money on someone else’s pet.

4 in 5

pet-owners do not plan on giving a gift to someone else’s pet.

1 in 3

of Millennials would plan to gift someone else’s pet, making them the most generous generation!

Pet ownership.

Pets can be our best friends and motivators. They make us laugh and bring us comfort when we need it the most. Let’s take a look at the share of people who have welcomed and added a pet to their family.

Where are the most pet-owners?

Italians are, hands down, the biggest pet-owners in the world. Americans and French rank second and third for pet ownership.

2 in 3

Italians are pet-owners.

44%

of Swedish people are pet-owners.

Women are more likely to be pet-owners

Women are more pet-owners than men. And, on average, there are more Gen Z and Millennial pet-owners as compared to older generations.

3 in 5

women own a pet.

2 in 3

of Gen Z and Millennials own a pet.

The online shopping map.

Pet owners across the world are buying supplies, toys and treats for their furry family members online. Let’s take a look at where they live.

The online shopping map.

Select a country in the list below to see where people shop the most Pet products online per capita in that country.

1 January – 7 December 2021

That’s it for now!

Want to know more? Check out Klarna’s Festive Feels Report which takes a closer look at how identity impacts how we celebrate the holidays!

Ugly Christmas Sweaters

Christmas is just around the corner. When most of us think about lighting up our homes with colorful lights or decorating a Christmas tree, some are reaching into the back of their closet to take out their Ugly Christmas sweater. Whether you love or hate it, nothing says festive fashion like the Ugly Christmas Sweater. 

First introduced in the 1950s and initially called “jingle bell sweaters” by retailers, it was not until the 1980s that the Christmas sweater gained popularity thanks to appearances in TV and movies.

In this report, we’ve taken the opportunity to investigate how people across the globe are donning Ugly Christmas Sweaters this season.

Ho, Ho, Ho

Methodology.

Klarna’s Holiday Survey was sent out in collaboration with Dynata to a representative sample of more than 18,000 consumers across 18 countries, and 3 continents, with more than 1000 respondents per country.

18 countries

18,000 consumers

3 continents

Ugly Christmas Sweater, yay or nay?

It’s already that time of year when festive clothing is acceptable at every occasion. From Christmas-themed jumpers with Santa Claus, reindeer and snowmen, to more sassy or funny sweaters, we are spoilt for choice! Although the wearing of the Ugly Christmas Sweater is a long lasting tradition for some, for others it’s a trend that has to end.

A love or hate relationship.

Is the Ugly Christmas sweater craze the same in most countries? Here’s what people across the globe think:

1 in 2

Americans love Ugly Christmas Sweater, making them the most enthusiastic wearers in the world.

71%

of Germans are opposed to the idea of an Ugly Christmas Sweater.

Who else loves Ugly Christmas Sweaters?

It is not only across countries that differences in attitudes towards Ugly Christmas Sweaters can be found. Star signs, sexual identity and birth order are often more revealing than your age, gender, or country of origin. For instance, the likelihood that you enjoy an exceptionally Ugly Christmas Sweater appears to increase with the level of seniority in the sibling birth order.

46%

born in the Aries star sign loves an Ugly Christmas Sweater – the most out of any zodiac

50%

LGBTQIA+ people has a higher love for Ugly Christmas Sweaters compared to others

The Season’s must-have according to generations and gender

Younger generations are more enthusiastic about the idea of an Ugly Christmas Sweater compared to older generations. And, on average, women are more open to wearing one than men.

Ugly Christmas Sweater wearers by age and gender.

Women are more enthusiastic than men regarding the Ugly Christmas Sweater. Click on the tabs below to see how the sentiment shifts across genders and age groups across the world.

43%

women love Ugly Christmas Sweater compared to 37% of men. This gap between women and men appears to be highest in Spain – and the opposite only in Austria

3x

more Gen Zers love the idea of an Ugly Christmas Sweater compared to Baby Boomers.

Dressing habits during the holiday season

There are plenty of opportunities to dress—and impress—during the “most wonderful time of the year.” Warm, chic, funny, cheesy? Let’s see how people are wearing their holiday spirit.

Holiday outfits

Let’s take a look at what people around the globe think best represents their dressing habits during the holiday season.

3x

Americans are three more times as likely to be looking forward to wearing their Ugly Christmas Sweaters compared to Germans.

12%

of Americans think their Ugly Christmas Sweaters are the most important feature of their Holiday wardrobe, making them the most positive across the globe!

Millennials + Ugly Christmas Sweaters = True

Younger generations are the most adventurous dressers during the festive season. They are more eager to get new outfits for every social occasion  and more keen to wear Ugly Christmas Sweaters.

3x

more Millennials are looking forward to wearing their Ugly Christmas Sweaters compared to Baby Boomers.

15%

of American Millennials are looking forward to wearing their ugly Christmas Sweaters.

That’s it for now!

Want to know more? Check out Klarna’s Festive Feels Report which takes a closer look at how identity impacts how we celebrate the holidays!