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Do you think wine is a virtue, not a vice? The nutritional information on the label surprised many U.S. consumers

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When you reach for that bottle of wine on Valentine’s Day, do you understand how healthy it is? My co-author’s research shows that many people have a too rosy view of this drink and are surprised once they encounter the facts about it given on the label. Natalia Velikova and I recently published in Journal of Consumer Marketing.

Our findings can have major implications for the wine industry particularly some groups in the US insist for wine to have mandatory nutrition labels.

Nowadays, people normally think of wine as wine “virtue”, not “vice”, because of popular beliefs on the subject Health advantages and press reports on its antioxidant effects. However, requiring nutrition labeling, which is currently voluntary, could change these views.

In our experimental study of nearly 800 participants, we found that American consumers are not accustomed to seeing nutrition information on wine labels, and most are surprised by what they read because they do not associate wine with calories. carbohydrates and sugar. People who were encouraged to read labels perceived wine as less healthy than before and were less more likely to buy it.

We also found that individuals are more surprised by the sugar content of sweeter wines like Moscato than by the calorie count. Sweet wines, particularly, may contain more sugar than consumers realize.

Why is it essential?

Most recently, the European Union mandatory labeling of the nutritional value of winesometimes in shape QR codesas expected by industry analysts The United States will eventually follow suit. The Treasury Department’s Bureau of Alcohol and Tobacco Tax and Trade, which regulates wine production, has already done so agreed to issue some preliminary rules regarding mandatory labeling of ingredients.

Nutrition labels haven’t got to be bad news for the wine industry. Wine sales have he recently refused amongst people aged 60 and under, and greater labeling transparency could help rekindle the interest of young consumers.

Millennial and Gen Z consumers may particularly appreciate clearer labels because it could help them perceive the wine as less mysterious and more accessible. It might also allow them to tailor the occasional glass of wine to suit their personal health goals. Younger consumers might also be more interested eliminating as many highly processed ingredients as possible from their diets.

Moreover, there was a recent trend towards packaging wine with labels corresponding to “organic”, “biodynamic” and “sustainable”, which can appeal to consumers’ preferences for sustainability. These labels have less to do with nutrition facts than with producers trying to look environmentally friendly – but natural wine producers would probably profit most from offering nutritional information to support their claims on the front of the label.

Research shows that Americans generally consider red wines to be healthier than white wines.
D3sign/Getty Images

What other research is being conducted

German researchers have found that almost all consumers often overestimate the calories in wine before reading the nutrition labels I do not think this information is useful. Scientists have found that consumers often feel uncertain and confused after reading information about wine ingredients. Looking at ingredient lists also made consumers less more likely to view wine as a natural product.

Producer-side research shows that mandatory nutrition labeling would impact the wine industry in several ways, particularly through: rising overhead costs related to compliance, laboratory evaluation and more demanding labeling processes. This could disproportionately harm smaller vineyards with fewer resources.

What is still unknown

We still do not know who is most probably to read and use nutrition labels on wine, but younger customers do they appear to be more interested on food labels normally. Millennials say yes eat healthier AND exercise more than previous generations.

There is still much to study the impact of nutrition labels on behavior. Studies have shown mixed results, but overall, labeling shapes people reduce calorie intake little. Despite this, nutrition labels were placed on food in the US in the Nineteen Nineties, but this did not stop the phenomenon. obesity rate will increase.

 

This article was originally published on : theconversation.com
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Can credit card debt become uncollectible? It depends on the location

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credit cards, personal finance, credit scores, debt


August was a historic moment for Americans. AND report from the Federal Reserve Bank of New York found that Americans owe a record $1.14 trillion on their credit cards. Credit card balances reportedly increased by $27 billion in the second quarter of 2024, a rise of just about 6% from the previous 12 months.

Unfortunately, credit card delinquency rates are also higher. In the second quarter of 2024, 7% of households reported being seriously delinquent on their credit cards (90 days or more) in comparison with 5% at the same time in 2023.

Vonda Copeland, co-owner of Copeland Insurance Agency, he said that with the current economy, high rates of interest and job uncertainty, increasingly more individuals are using credit cards to satisfy basic needs. Unfortunately, it is a terrible recipe for defaulting on payments.

According to them, the average American has a complete balance on their credit card of about $6,501 Experimentand as increasingly more people seek debt relief, questions arise about whether credit card debt can become uncollectible. It seems that it depends on many aspects, including the location of the credit card user.

Factors resulting in bad debt

James Lambridis, founder and CEO of DebtMD, said creditors typically sell unpaid debts to collection agencies inside three to 6 months. Most agencies attempt to withdraw between 20 and 40% of the original balance.

Credit card debt becomes uncollectible after three predominant aspects: the expiration of the statute of limitations, a bankruptcy filing, and a call by creditors to discharge the debt.

If there may be a statute of limitations, it begins when creditors start sending notices and letters looking for payment for the debt.

“If a debt remains unpaid within the statute of limitations – typically three to 10 years depending on the state – the creditor loses the right to sue for repayment,” said Kristy Kim, CEO and co-founder of TomoCredit, adding that the debt is legally time-barred and is legally uncollectible.

Even though creditors lose the right to sue borrowers or collect their wages once the debt becomes uncollectible, Kim says the debt can still appear on your credit report and affect your rating for as much as seven years.


This article was originally published on : www.blackenterprise.com
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Shannon Sharpe recalls bad financial advice about Google

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Shannon Sharpe, makeup, Mark Cuban


Shannon Sharpe believes he could be a member of the Billionaire Boys Club today if he hadn’t received bad financial advice a few years ago.

While talking about money and investing with business mogul and Dallas Mavericks owner Mark Cuban on his Sharpe platform told how he once considered investing in Google early on but decided against it after a financial advisor advised him against it.

“I remember when Google came out and they thought the stock was going to be around $85 a share,” Sharpe recalled. “I remember telling my financiers, ‘You know what, I just signed with the Ravens, I’ve got some money. Man, I would love to buy $300,000 worth of Google stock.”

Sharpe’s financial advisor thought Google’s stock was overvalued at $115 and convinced him to desert his investment. Thinking about it now, Sharpe realizes how much he could gain in the long term if he bought the stock at this price. Sharpe also spotted an early investment opportunity in Netflix that he missed.

“That s… there!” Sharpe shouted to Cuban. “With you I would be a billionaire!”

“You fucked up,” the Cuban laughed.

After a 14-season NFL profession and becoming a successful sportscaster and podcast host, Sharpe built net price of $14 million. He earned $22.3 million during his time within the NFL, which included a four-year, $13.8 million contract with the Baltimore Ravens in 2000 and a $16 million contract with the Denver Broncos in 2002.

After retiring, Sharpe was a sports commentator on CBS Sports, Fox Sports and ESPN. His latest commentary will be found from Stephen A. Smith. Sharpe also prepared cognac, who will be seen drinking on his platform, Le Portier Shay VSOP Cognac.

Considered top-of-the-line tight ends in NFL history, Sharpe ranks third in profession receptions, receiving yards and touchdowns for his position. In 2011, he was inducted into the Pro Football Hall of Fame.


This article was originally published on : www.blackenterprise.com
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Business and Finance

5 Grant Options for Black-Owned Small Businesses

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Bbusinesses are sometimes missing face unique challenges on the subject of securing financial support. Whether you are just starting a business or trying to expand, grants can allow you to get financial help without accumulating debt. According to Grantwatch AND nerd wallet, listed below are five grants specifically for minority-owned businesses.

  1. Brown Girl Jane X Shea Moisture

Jane girl brown and shea wetness joined forces to assist women-owned beauty brands. The firms are awarding grants starting from $10,000 to $25,000 to Black and women-owned beauty brands. To be eligible, an organization have to be incorporated within the United States and have been in business for at the very least one yr.

  1. Corporate advisor “Women of Color”.

The Corporate Advisor Women of Color andoffers $2,500 grants to women entrepreneurs of color. To qualify, businesses have to be legally for-profit based within the United States and incorporated on or before January 1, 2020, and entrepreneurs have to be 18 years of age or older on the date of application. CCWC will award grants in January 2025.

Additionally, the organization provides mentoring to aspiring business owners. Visit the CCWC website for more information.

  1. Global D Prize Competition

According to the organization’s website, Global D-Prize competition is an initiative that supports small businesses and addresses social issues akin to poverty.

We provide startup grants of up to $20,000 to entrepreneurs establishing new organizations. We consider the world needs more social impact organizations and we’re creating for-profit ventures.”

This grant is offered to U.S. and international businesses. The deadline for submitting applications is November 3, 2024.

  1. Wish Strengthening Program

The We wish you an area empowerment program offers grants starting from $500 to $2,000 to support struggling Black-owned businesses. Eligible businesses have to be black-owned and have at the very least 20 employees. They must even be based within the United States.

  1. HerRise microgrant

The HerRISe microgrant The initiative supports women-led businesses. The organization awards a $1,000 grant to a business owner every month. The company have to be at the very least 51% women-owned, incorporated within the United States, and have gross revenues of not more than $1 million. Grant applications closed on the last day of every month.

For more information on grants for Black-owned businesses, visit US Small Business Administration.


This article was originally published on : www.blackenterprise.com
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