SOCIAL DISTANCE SHOPPING SHOWS UPTICK.

About 58,000,000 Americans are spending more money while social distancing, according to WalletHub's "Coronavirus Shopping Survey." This nationally representative survey asked a range of questions, from whether Americans' spending has increased to what types of nonessential items they are purchasing most and whether they have concerns about deliveries of packages and food.

Survey highlights include:

* 57% are concerned about package safety while comfort buying and 60% about the safety of having food delivered.

* People are spending the most "nonessential" money on entertainment (29%) and alcohol (23%).

* 43% of consumers have participated in "comfort buying" due to social isolation.

"Comfort buying to relieve the stress of social distancing is fairly common," says Jill Gonzalez, WalletHub analyst. "Of those who have engaged in comfort buying, 63% are keeping their purchases below the $150 mark.

"It's interesting that comfort buying behaviors vary by age. Around 60% of people aged 30 to 44 report comfort buying, compared to just 32% of people over age 59."

On another front, 84% of Americans want an additional wave of...

To continue reading

FREE SIGN UP