66% of People Cut Their Spending on Hair Care Due to Economic Crisis

New survey reveals that 66% of people cut their spending on hair care products and services due to hard economic times. In addition, over 61% of people reduced their visits to hair salons because of weak economy.

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Phoenix, AZ (PRWEB) July 14, 2009

Economic crisis is taking its toll on hair care. Hair Styles Secrets Revealed, the website that provides hair tips for healthy, beautiful hair, today announced the results of an extensive survey on how the global economic crises is affecting hair care.

The online survey was conducted over a six-week period starting May 27. The survey of 1061 respondents (91.3% women and 8.6% men) found that 66,1% of people cut their spending on hair care products and services due to global economic crisis.

The survey revealed that 40.6% of respondents cut their spending between $0 and $50. Another 16.9% of respondents cut their spending between $51 and $100. In addition, 6.7% of people surveyed said they are spending between $101 and $500 less because of weak economy. Only 1.69% of respondents cut their spending over $500.        

"Although there were some speculations that global economic crisis is not affecting hair care, this survey clearly shows that this is not the case. Economic crisis is taking its toll on this part of human life too. And this is not surprising. If a woman or man must choose between paying a mortgage or credit card debt and buying a new hair care product or service, it is obvious that they will choose the former," said Aleksandar Jelic, CEO of Hair-Styles-Secrets-Revealed.com.

The survey also found that of the 1061 respondents:

  • 55.9% changed their hair care routine due to economic crisis.
  • 61.4% reduced their visits to hair salons because of weak economy.
  • 59.3% is buying less expensive brands as a result of hard economic times.
  • 69.4% is spending between 0 and $50 on hair care every month. 25.4% is spending between $51 - $100 while 5.08% spends between $101 and $500 on a monthly basis.

About the Survey
Data was collected using Survey Crafter Professional software. Completion rate was 88.2%. Average time taken to complete survey was 3 minutes. The confidence level was 95%. 35.5% of respondents were between the ages of 20-30, 16.9% were between the ages of 31-40, 22.03% were between the ages of 41-50, 13.5% were between the ages of 51-60 and 11.8% of respondents were over 60.

About Hair Styles Secrets Revealed
Hair Styles Secrets Revealed helps women and men around the world with hair care, hairstyles and hairstyling tips. It also follows the latest developments in hair trends and brings news about new hair care products. Its gallery of celebrity hairstyles pictures is updated every day with latest celebrity photos. For more information, visit: http://www.hair-styles-secrets-revealed.com.

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