How Are Consumers Spending Differently During COVID-19 #infographic

How Are Consumers Spending Differently During COVID-19
However, in the first quarter of 2020, the COVID-19 pandemic has initiated a transformation of customer spending tendencies as we comprehend them. By leveraging new statistics from analytics platform 1010Data, today’s infographic dives into the credit score and debit card spending of 5 million U.S. buyers over the previous few months.

The onset of altering patron conduct can be determined from February 25, 2020, when in contrast year-over-year (YoY). As of May 12, 2020, mixed spending in all classes dropped by way of nearly 30% YoY. Here’s how that shakes out throughout the unique categories, throughout two months.

How Are Consumers Spending Differently During COVID-19 #infographic

Source: www.visualcapitalist.com

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