How Are Consumers Spending Differently During Coronavirus Pandemic?
How have consumer spending patterns changed during the Coronavirus pandemic? The folks over at the Visual Capitalist put together a deep dive into the credit & debit spending of American consumers over the past few months. They point out that in 2019, nearly 70% of U.S. GDP was driven by personal consumption, however a transformation of sorts has taken place as the pandemic put the brakes on the economy. As always, stay safe and have a Happy Friday!!!
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