Submitted by Taps Coogan on the 25th of May 2020 to The Sounding Line.
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The following chart, from Visual Capitalist and based on data from 1010Data, shows the dramatic changes to US consumer spending habits since the start of the Coronavirus outbreak in the US in late January. The data goes until May 12th.
Some highlights include:
- Consumer spending in general has declined 30% year-over-year
- Grocery spending peaked at +97% year-over-year on March 18th, 2020
- Grocery home delivery jumped +558% year-over-year at its peak on April 19th, 2020
- Fine dining spending plunged -88.2% year-over-year
- Spending on cruises plunged -87% year-over-year
Update: As commenter correctly pointed out, the graphs for cruise-ship and airline travel spending go below -100% year-over-year. Because we didn’t create this graphic, it is not clear exactly what is driving that. Presumably, it is rebates/refunds. Keep that in mind when viewing the infographic below.
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