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Psychographic Sourcebook - GfK MRI

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PART 1: Survey of the American Consumer<br />

VI. <strong>Psychographic</strong> Segmentation Analyses<br />

Q. Money Borrowing Attitudes Segmentation<br />

This segmentation was created using responses to items in the Financial Attitudes battery concerning attitudes toward borrowing money.<br />

Participants in the survey were asked about their agreement with two statements—“I hate to borrow money” and “Borrowing money makes me<br />

feel uncomfortable.” Their answers were used to create four classifications:<br />

• Balk the Bank<br />

These consumers are very uncomfortable with borrowing money; essentially, they hate doing it.<br />

• On Someone Else’s Dime<br />

Members of this segmentation are credit-reluctant in their attitudes: they don’t feel as strongly negative about borrowing as members<br />

of the “Balk the Bank” segment, but it does make them uncomfortable.<br />

• To Their Credit<br />

These consumers are credit realists. They don’t like to borrow money, but it does not make them uncomfortable to do so.<br />

• I.O.U.<br />

Consumers in this category have the mind-set of a credit enthusiast: they are not averse to borrowing, nor does borrowing increase<br />

their anxiety levels.<br />

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