Friday, January 27, 2012

U.S. worker spends $1,000 a year on coffee


Coffee plays a significant role in the routines of Americans during their workdays.

A new survey has concluded that the average U.S. worker spends over $1,000 a year on coffee.

According to the latest Workonomix survey, conducted by Accounting Principals, people are spending a yearly average of $1,092 on coffee, which translates to approximately $20 bucks a week.

In order to aggregate information, Accounting Principals surveyed 1,000 employed U.S. workers, age 18 and over, partly to determine how much individuals spend on work-related expenses and also to explore people's financial attitudes from the past year and looking forward to the new year.

The survey was conducted via telephone by Braun Research on behalf of Accounting Principals and representatives called the 1,000 individuals between Dec. 22 and Dec. 27, 2011. Accounting Principals has listed a margin of error of +/- 3.1% at the 95% confidence level.

Results also found the American workforce frequently purchases coffee during work hours because their company does not offer good coffee. The survey unearthed 22 percent of workers surveyed "wished their company would invest in better coffee in the office."

Other findings include younger workers (18-34) are more apt to buy coffee during the workday than those aged 45 and up. The amount spent by the two age groups was $24.74 vs. $14.15, respectively. Another demographic explored in the survey was gender. The survey illuminated men tend to spend more on foods and beverages than women do during the workday. In terms of coffee, men spend, on average, $25.70, whereas women spend about $15.00 in comparison.

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