Kitchen/dinette table, chairs
By Furniture Today Staff -- Furniture Today, February 24, 2003
U.S. households are planning to spend more than $3 billion on informal dining furniture this year, assuming they follow through with their buying plans. The median planned spending for the 3.8% of households planning to make a purchase is $400, less in the West and South.
Households with incomes of $100,000 or more account for only 12% of those planning to buy casual dining, but they plan to spend more than their lower income counterparts, a median of $600 for those in the $100,000 to $124,999 income range and a median of $750 for those earning $125,000 or more. If these households spend as planned, they will account for about 19% of casual dining spending.
Several groups plan to buy casual dining at a rate greater than their numbers in the population suggest. Among those with a high plan-to-buy index are under-25 households, who plan to buy at 2.5 times their presence in the population. Their median budget for their purchase is $200. Young singles are planning to buy at twice the rate of their numbers in the population, spending a median of $300. Renters have a plan-to-buy index of 153 — that is, they are 1.5 times as likely to be shopping for casual dining than their presence in the population. In all, renters make up 29% of those planning to make a casual dining purchase and plan to spend a median of $300.
| Percent of households that... |
| Shopped for kitchen/dinette table, chairs in 2002 |
5.4%
|
| Bought kitchen/dinette table, chairs in 2002 |
3.0%
|
| Plan to buy kitchen/dinette table, chairs in 2003 |
3.8%
|
|
Income
|
% of the 3.0% of households that in 2002 bought
|
% of the 3.8% of households that in 2003 plan to buy
|
|
kitchen/dinette table, chairs
|
| Under $20,000 |
15% |
20% |
| $20,000 – $29,999 |
10% |
12% |
| $30,000 – $39,999 |
10% |
14% |
| $40,000 – $49,999 |
9% |
10% |
| $50,000 – $59,999 |
9% |
8% |
| $60,000 – $74,999 |
11% |
11% |
| $75,000 – $84,999 |
7% |
5% |
| $85,000 – $99,999 |
9% |
8% |
| $100,000 – $124,999 |
10% |
6% |
| $125,000 or more |
10% |
6% |
|
Lifestage
|
% of the 3.0% of households that in 2002 bought
|
% of the 3.8% of households that in 2003 plan to buy
|
|
kitchen/dinette table, chairs
|
| Young singles |
4% |
6% |
| Middle singles |
8% |
10% |
| Older singles |
3% |
4% |
| Young couples |
10% |
8% |
| Working older couples |
17% |
11% |
| Retired older couples |
8% |
7% |
| Young parents |
18% |
20% |
| Middle parents |
12% |
13% |
| Older parents |
18% |
19% |
| Roommates |
2% |
2% |
|
Age
|
% of the 3.0% of households that bought in 2002
|
% of the 3.8% of households that plan to buy in 2003
|
|
kitchen/dinette table, chairs
|
| Under 25 |
4% |
5% |
| 25–34 |
19% |
23% |
| 35–44 |
24% |
26% |
| 45–54 |
24% |
22% |
| 55–64 |
17% |
13% |
| 65 and over |
12% |
11% |
|
Budgets for casual dining in 2003
|
% of households that plan to spend
|
| Under $100 |
6% |
| $100–$199 |
13 |
| $200–$299 |
17 |
| $300–$499 |
14 |
| $400–$499 |
9 |
| $500–$599 |
15 |
| $600–$999 |
11 |
| $1,000–$1,499 |
9 |
| $1,500 or more |
6 |
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