Due to isolation measures creating new daily routines, Americans are saving money.
To understand how consumers are being impacted by the pandemic, N26 has released global and U.S. specific consumer research. The company’s research included a survey that asked 10,000 adults across Europe and the U.S. to discuss how “their financial lives are being impacted” by the coronavirus pandemic.
Consequently, due to isolation measures creating new daily routines, Americans are actually saving $219.72 per month on average. Though grocery and miscellaneous food stores saw an increase of 25 percent and discount stores saw an increase of 28 percent as Americans continue to stay at home, other industries saw large decreases, accounting for money saved by consumers. In the U.S. specifically, N26 data found a 39 percent decrease in eating out at restaurants and a 23 percent decrease in fast-food sales. Online food delivery services, like DoorDash and Uber Eats saw a 23 percent increase.
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