Record Complaints; Falling Customer Satisfaction; Record Profits. What Is Going On!
Customer satisfaction in the US has just suffered its sharpest fall this century outside of COVID. Complaints are at record levels. And corporate profits? Also at record highs. Those three things aren't supposed to happen at the same time. Friend of the show Forrest Morgeson, Director of Research at the American Customer Satisfaction Index (ACSI), returns to help Colin Shaw and Professor Ryan Hamilton make sense of it. Ryan asks a question that changes how all three of them look at customer experience. If he's right, the declining scores aren't a failure at all. If he's right, the declining scores a failure at all. They might be a choice. Best Quote from the Episode: "We've built up a reservoir of goodwill with our customers. And it's going to last a while... But that reservoir won't last forever." — Forrest Morgeson Key Takeaways: - Why satisfaction and profits are moving in opposite directions, and what it reveals about how executives really see customer experience. - The reframe from Ryan that Colin hasn't been able to stop thinking about. - Why a $320 TV that beats a 1997 model in every way still scores lower on satisfaction. - What the cruise industry tells us about how far companies can push their customers, and why Colin booked one anyway. - Is AI to blame for the decline? Forrest's answer may not be the one you expect. Why You Should Listen: If you've ever wondered why billions spent on customer experience haven't moved the national scores, this episode offers an uncomfortable explanation. It's a candid conversation with the person who knows the ACSI data better than almost anyone, and it may change how you think about your own CX budget. Resources Mentioned Colin Shaw - https://www.linkedin.com/in/colinrjshaw/ Professor Ryan Hamilton - http://linkedin.com/in/ryan-hamilton-49b3321 Forrest Morgeson, Director of Research, ACSI - https://www.linkedin.com/in/forrestmorgeson/ American Customer Satisfaction Index: explore company and industry scores - https://www.theacsi.org ACSI Q2 2026 national results: "Economic Alarm Bells are Blasting" - https://theacsi.com/news-and-resources/press-releases/2026/08/11/press-release-national-acsi-q2-2026/ ACSI Q1 2026 national results: complaints up 16% in a single quarter - https://theacsi.com/news-and-resources/press-releases/2026/05/12/press-release-national-acsi-q1-2026/ About the Guest: Forrest Morgeson is Director of Research at the American Customer Satisfaction Index and Associate Professor of Marketing at Michigan State University. The ACSI has tracked US customer satisfaction since 1994, and Forrest's research ties those scores to company and economic outcomes. About the Hosts: Colin Shaw is a LinkedIn 'Top Voice' (https://www.linkedin.com/newsletters/6592050440320368642/) with a massive 286,000 followers and 89,000 subscribers to his 'Why Customers Buy' (https://www.linkedin.com/newsletters/why-customers-buy-6592050440320368642/) newsletter. Shaw is named one of the world's 'Top 150 Business Influencers' by LinkedIn. His company, Beyond Philosophy (https://beyondphilosophy.com/) LLC, has been selected four times by the Financial Times as a top management consultancy. Shaw is co-host of the top 1.5% podcast 'The Intuitive Customer' (https://beyondphilosophy.com/podcasts/), with over 600,000 downloads, and author of eight best-sellers on customer experience. Shaw is a sought-after keynote speaker. Follow Colin on LinkedIn: https://www.linkedin.com/in/colinrjshaw/ Ryan Hamilton is a Professor of Marketing at Emory University's Goizueta Business School and co-author of the book 'The Intuitive Customer'. An award-winning teacher and researcher in consumer psychology, he has been named one of Poets & Quants' "World's Best 40 B-School Profs Under 40." His research focuses on how brands, prices, and choice architecture influence shopper decision-making, and his findings have been published in top academic journals and covered by major media outlets like The New York Times and CNN. His work highlights how psychology can help firms better understand and serve their customers. Ryan's new book was launched in June 2025 called "The Growth Dilemma: Managing Your Brand When Different Customers Want Different Things" (https://store.hbr.org/product/the-growth-dilemma-managing-your-brand-when-different-customers-want-different-things/10746), Harvard Business Press. Follow Ryan on LinkedIn: http://linkedin.com/in/ryan-hamilton-49b3321 Subscribe & Follow Apple Podcasts - https://podcasts.apple.com/gb/podcast/the-intuitive-customer-helping-you-improve-your/id1319228135 Spotify - https://open.spotify.com/show/1Jqx6D32nGurAqVXZ6vAEE?si=ace8c990b8254ec5






