Christmas 2011 turned out to be a banner year for retailers, and most consumers felt pretty confident about the economy — but don’t tell that to the lawyers. The results are in and the vast majority of survey respondents aren’t purchasing anything fun with their bonuses.
Unlike Elie, 52% of Above the Law readers are using their year-end bonuses to pay their loan-shark student loan provider. 21% of survey respondents plan on using their “generous” bonuses to purchase something to help advance their career (lips are especially chapped in the winter months). The third largest group, at 9%, feels a little better about the housing market, and is planning on purchasing their little piece of heaven (or if they are in NYC, their very, very, very, very, very little piece heaven).
Close behind, 8% of folks who responded to our survey are calling it quits, and plan on using their bonus checks to buy a nice pair of dancing shoes and leave the practice altogether. Survey respondents were not as excited about the new Apple iPhone 4, as only 5% of people were going to use their bonuses to go wait in line at the Apple store or pepper spray their way into the neighborhood Walmart.
The three ghosts of Christmas only stopped by the homes of a small number of associates this year, as only 4% of responders to our survey planned on donating their bonuses to charity. Finally, less than 2% of survey respondents felt the need to play the lottery by investing in the stock market.