Press release
Context-Based Research Group, an ethnographic research firm with a global network of consumer anthropologists, and Carton Donofrio Partners, a marketing firm in the Mid-Atlantic, today unveiled key findings from their research report, entitled, “Grounding the American Dream: A Cultural Study on the Future of Consumerism in a Changing Economy.” The study portrays a society weathering the early stages of a traumatic event, maps the changing consumer landscape, and provides insight into the transition while detailing business implications.
Based on ethnographic research conducted in October and November in New York City; Baltimore; Miami; San Antonio, Texas; and Lexington, Kentucky, the team identified a five-stage process consumers are undergoing as they struggle through a major cultural transformation. The process explains how they’re coping and rebuilding their lives amidst the faltering “American Dream.” The team then developed a business brief offering suggestions for companies in various industries working to navigate this new terrain.