Factoring 101 Blog - Acounts Receivable Factoring and Other Industry News

Where does your kid sleep?

After my two year old son took a nap on a pile of clothes in my closet this afternoon, it made me think, where do most kids sleep after they leave the crib? It turns out that twin sized beds are by far the most popular size bed for any age group with four out of every ten kids sleeping in a twin size bed according to research by Kids Today.

Twin size beds are especially popular for younger children. After that, full size beds come next with 20% of all children sleeping in them. Of course these numbers tend to shift as children get older. By the age of 12, 30% of all children are sleeping in full size beds, while twin size beds only appear in 37% of children's rooms. While at the age of 15, only 29% of children sleep in twin size beds, but full size beds don't gain any of the market with teens, instead 11% of teens sleep in queen size beds. Only about 5% of younger kids will sleep in a queen size bed.

The other type of bed that is popular among all ages of children is the bunk bed. While not quite as popular with children under 2 or over 12, with only 11% sleeping in bunk beds. Around 15% of children between 2 and 11 will sleep in a bunk bed, including my son when he's not busy sleeping in closets!

Also popular are trundle beds and loft beds which hold a combined 10% of all children at bedtime, with trundle beds more popular with the younger kids, and loft beds more popular with older kids. The only other bed that is popular is the toddler bed which holds about 11% of all children under the age of 2, but pretty much no children after that.

Moving beyond the size of the bed, most parents prefer to buy their children more traditional beds over beds that have a more kid-friendly style, especially as the parents get older. For parents under the age of 35, only a third of parents will get their kids a bed with a kid-friendly design. For parents 45 and up, less than a quarter of them will get their kids a bed with a kid-friendly design.

The other important factors in choosing a bed for your child is what its made of and where its made. Most parents prefer to buy solid wood beds. For families making over $50,000 a year, 6 out of 10 parents plan to buy their kids a solid wood bed. But even more important than what its made from is where it is made. Most parents believe that it is very important to buy a bed that is made in America, especially as children get older. Three quarters of all parents with children over the age of 15 find it important to have a bed that is made in America.

When it comes to case goods, 83% of parents are likely to purchase matching case goods at the same time that they buy their child a bed. In fact, 27% of parents say that they are very likely to do this. This number increases among more affluent parents and parents in the Northeast. 38% of all families making $100,000 or more a year say that they are very likely to buy matching case goods, while 37% of parents in the Northeast also say they are very likely to purchase matching case goods.

With $5.7 billion spent on kids furniture in 2014, it is important to know who exactly is buying this furniture. When it comes to beds, it is almost always the child's parents. For families making less than $50,000 a year, 78% of the beds are purchased by the parents, with 20% purchased by grandparents. For families making over $50,000 a year, 87% of beds are purchased by the parents with only 10% being purchased by grandparents.

If you are a manufacturer or importer of children's furniture it is important to keep up with the current trends in the industry. Let DSA Factors help you out by factoring your accounts receivable. Let us use our experience to handle all the credit checking and collection work, while also improving your cash flow and insuring your receivables. You have more important things to worry about, why waste time worrying about receivables.

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