15 December 2008

Grounding the American Dream

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Grounding the American Dream
Context-Based Research Group and Carton Donofrio Partners have conducted a joint study on the future of consumerism in a changing economy and conclude that a new “grounded consumer” is emerging from the ashes of the economic meltdown.

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.

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