As the calendar turns over to a new year, the tradition of setting resolutions is a global phenomenon, with individuals reflecting on the past and envisioning a better future. These resolutions reveal trends encompassing financial goals, health and wellness, and personal development. These trends offer brands valuable insights into consumers’ priorities and provide a glimpse into their potential behaviour in the upcoming year.
This is why DCMN has been actively researching this topic from 2021 to 2023, accumulating insights from German consumers. Through the DCMN Brand Tracker, a monthly research initiative involving a representative sample of the German population, we can delve into topics of interest and collect insights to assist our clients in optimising their marketing campaigns. So let’s dive into our New Year’s resolutions findings.
Financial Resolutions on the Rise
A predominant trend identified by DCMN from 2021 to 2023 is the increasing emphasis on financial resolutions among Germans. The data portrays a diverse range of resolutions for the upcoming year, with a notable spike in the prominence of the goal to “Save more money” from 34% in 2021 to 45% in 2023. Interestingly, this surge is more pronounced among women, indicating a growing commitment to financial well-being in this demographic. This shift reflects a broader societal awareness of economic challenges and a heightened commitment to fiscal responsibility. The changing financial landscape has likely spurred individuals to reevaluate their priorities, emphasising the importance of financial security.
Health and Wellness Take Center Stage
In addition to the rise in financial resolutions, the study highlights a significant increase in health-related goals among Germans. Resolutions related to healthy eating (+7%), engaging in sports (+6%), and weight loss (+4%) are experiencing a noticeable uptick. This shift toward prioritising health and wellness can be seen as a result of individuals recognising the importance of a balanced and active lifestyle for overall well-being. The emphasis on health resolutions underscores a cultural shift towards proactive self-care and an awareness of the interconnectedness between physical health and mental well-being.
Mental Health in Focus
Our insights reveal that 26% of German consumers intend to prioritise their mental health in 2024. Moreover, 22% have set a resolution to read more, while 15% plan to reduce their time spent on social media. These statistics indicate a growing trend in recognising the significance of mental well-being, as a substantial portion of individuals shifts their focus towards activities that contribute positively to their overall mental health. Explore more in the table below.
Quality Time with Loved Ones Prevails
Beyond individual goals, the research delved into how German consumers plan to spend their time during the holiday season. The majority of respondents (67%) consistently prioritise spending time with family and friends, highlighting the cultural value placed on relationships and social connections. This pattern is particularly strong among women and the older age group, emphasising the enduring importance of familial bonds and traditions. The emphasis on quality time with loved ones reflects a timeless aspect of German culture, where family and community hold a central place in the hearts of individuals.
Indulgence in Culinary Delights
The study reveals that the trend of treating oneself to nice food and dining experiences remains a significant aspect of holiday celebrations for Germans (35%). While spending time with loved ones takes the top spot, the desire for culinary indulgence during the festive season is a close second. This reflects a cultural inclination towards savouring the pleasures of life, especially during special occasions. The holiday season serves as a time for Germans to indulge in delicious meals and create lasting memories around the dining table.
The Art of Self-Gifting
One intriguing finding from DCMN‘s research is the noticeable increase in respondents planning to shop for themselves (23%). As individuals embrace the spirit of giving during the holiday season, there is a parallel trend of self-gifting gaining popularity. This shift in consumer behaviour suggests a desire for self-care and personal enjoyment, aligning with the broader cultural shift towards prioritising individual well-being and happiness. The act of self-gifting may be viewed as a form of self-love, acknowledging the importance of treating oneself amidst the hustle and bustle of the holiday season.
The DCMN Brand Tracker research provides a comprehensive and insightful glimpse into the evolving landscape of New Year’s resolutions in Germany from 2021 to 2023. The data reflects a dynamic range of aspirations, with financial goals, health and wellness, and personal development taking central stage. The emphasis on saving money, the surge in health-related resolutions, and the enduring importance of quality time with loved ones all contribute to the rich tapestry of New Year’s resolutions in Germany. As we step into a new year, these insights offer a nuanced understanding of the values and priorities that shape the aspirations of individuals in the ever-changing landscape of resolutions. The evolving trends point towards a society that is increasingly conscious of financial well-being, health, and the importance of fostering meaningful connections and experiences. What would be your resolutions for 2024?
- DCMN Brand Tracker – 2000 German consumers surveyed monthly.