BILL NUMBER: ACR 99 INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Fuentes FEBRUARY 6, 2012 Relative to National Coupon Month. LEGISLATIVE COUNSEL'S DIGEST ACR 99, as introduced, Fuentes. National Coupon Month. This measure would recognize September 2012 as National Coupon Month and would acknowledge the value of coupons in achieving significant savings for California's consumers. Fiscal committee: no. WHEREAS, In total, consumers saved $2 billion in the first six months of 2011; and WHEREAS, In the first half of 2011, coupon redemption volume reached $1.75 billion, a moderate 2.9 percent increase compared to the first half of last year; and WHEREAS, The average face value of coupons in the first half of 2011 is up 5.4 percent to $1.57 billion compared to $1.49 billion for the first half of 2010; and WHEREAS, Consumer packaged goods (CPG) manufacturers offered consumers $485 billion, in savings in 2010, representing a 13.9 percent increase over the prior year and 47.4 percent growth compared to five years ago; and WHEREAS, In 2010, marketers once again distributed more CPG coupons than the prior year, reaching $332 billion, the largest single-year distribution quantity ever recorded in the United States, exceeding the prior record set in 2009 by 6.8 percent; and WHEREAS, CPG marketers continue to allocate the largest share of coupons distributed, 89.6 percent, to the free-standing insert (FSI) in the first half of 2011; and WHEREAS, Sixty percent of consumers are becoming more focused on the price of groceries as gas prices climb; and WHEREAS, Seventy-six percent of consumers say their grocery bills have increased up to $50 weekly; 41 percent have seen a weekly increase of $20 to $50, inclusive; and WHEREAS, Phil Lempert, the Supermarket GuruŽ, indicates that 93 percent of consumers have seen prices rise on items they buy in the grocery store and are employing tactics to save money, including 84 percent who are using coupons; and WHEREAS, Eighty-four percent of consumers are eating out less frequently to save money and 52 percent redeem coupons; and WHEREAS, Ninety-six percent of consumers said that they would still use coupons if they struck it big in the lottery. This reflects the value-oriented mindset that took root at the onset of the recession. This learned behavior was shared by shoppers whether their annual income was $20,000 or over $150,000; and WHEREAS, Fifty-six percent of 13 to 17-year-olds use coupons or coupon codes, according to the parents of these teens, who are savers themselves. Teens, however, are using coupons and coupon codes for items most important to them. For example, 25 percent use coupons on clothing, 19 percent use coupons on entertainment, and 18 percent use coupons for beauty care and grooming; and WHEREAS, Seventy-seven percent of consumers say they use the money they save with coupons on basic necessities, a 20 percent increase from the prior year; and WHEREAS, Seventy-eight percent of consumers report using coupons regularly, up 14.7 share points from prerecession levels, and one-third said that they used more coupons in 2010 than the prior year; and WHEREAS, Once consumers adopt frugal habits, they quickly discover that they like the feeling of saving money. Acceptance of these new habits can be seen in the largest share of response for increased coupon usage in the 2010 survey, 29.3 percent of consumers stated they are using more coupons for the enjoyment of saving, an increase of 11.7 share points over those stating that reason the prior year; and WHEREAS, Fifty-eight percent of consumers use cents-off coupons received in the mail, newspapers, or magazines; and WHEREAS, Seventy-five percent of consumers who consider the Internet to be their primary advertising source are now using coupons in newspaper inserts, now, therefore, be it Resolved by the Assembly of the State of California, the Senate thereof concurring, That the Legislature recognizes September 2012 as National Coupon Month and acknowledge the value of coupons in achieving significant savings for California's consumers; and be it further Resolved, That the Chief Clerk of the Assembly transmit copies of this resolution to the author for distribution.