Connect with us

Fun

Sudden Windfall? Jewelers Would Put It in the Bank!

What if you suddenly had $250,000?

mm

Published

on

What if you suddenly had $250,000?

If a favorite aunt left you $250,000, 29 percent of you would bank it or invest it for later use, according to the 2017 Big Survey.

The results display a bit more of a conservative bent than in 2008, when just 20 percent of respondents chose that answer.

Sudden Windfall? Jewelers Would Put It in the Bank!

Twenty-three percent would use the money for paying down debt, down from 32 percent in 2008. Likely because jewelers are carrying less debt now than they did then. In 2017, fully a third of jewelers report they carry no debt at all, which marks a significant change from pre-recession 2007, when only 24 percent were debt free.

In 2007, 30 percent of jewelers carried more than $100,000 in debt. Ten years later, that percentage had dropped to 22 percent.

Below are the full results. And you can see all the results of the 2017 Big Survey in the October edition of INSTORE.

Advertisement

Sudden Windfall? Jewelers Would Put It in the Bank!

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | MSG Jewelers

Wilkerson Takes the Worry Out of Closing

MSG Jewelers has always treated its customers like family. When owner Mike George decided to retire and close the doors of his St. Louis, Missouri jewelry store, he selected a company to manage his going-out-of-business sale that treats its customers like family, too. That’s why he chose Wilkerson. “Wilkerson was able to do all the things that we needed,” says George. In the end, the bittersweet store closing was so much easier with Wilkerson at the helm. From marketing to pricing to inventory, Wilkerson does it all. “It’s a package deal,” says George.

Promoted Headlines

Most Popular