Social distancing leads to spending

‘Comfort buying’ on the rise

Special To The Chronicle
Posted 5/7/20

About 58 million Americans are spending more money while social distancing, according to WalletHub.

The personal finance website analyzed data ranging from whether Americans’ spending has …

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Social distancing leads to spending

‘Comfort buying’ on the rise

Posted

About 58 million Americans are spending more money while social distancing, according to WalletHub.

The personal finance website analyzed data ranging from whether Americans’ spending has increased to what types of non-essential items they are purchasing most and whether they have concerns about deliveries of packages and food. WalletHub found:

WalletHub found:

• 58 million Americans are spending more money while social distancing.

• 43% of Americans have participated in “comfort buying” to relieve stress due to social isolation.

• 57% of Americans are concerned about package safety while comfort buying.

• 60% of Americans are concerned about the safety of having food delivered during the pandemic.

• Americans are spending the most “non-essential” money on entertainment - 29% - and alcohol - 23% - right now.

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