78% of Americans have saved roughly $245 during the pandemic by not going out to eat. (via CNBCMakeIt)
While millions have lost their jobs and experienced financial challenges since the coronavirus pandemic began, about 1 in 10 Americans say Covid-19 has had a positive effect on their budget.of over 1,000 U.S. adults contacted between April 24 through May 4, 2020. About 78% say they've saved money by not going out to eat. That's savings of around $245 on average since the pandemic started.
Three out of four respondents experienced major savings by opting out of vacations, while 64% say they've saved money by holding off on major purchases, such as buying a new car, the survey found. On average, forgoing these two types of purchases netted people over $7,000 in combined savings.Despite saving on dining out, many say they are spending more on groceries, takeout orders and cleaning supplies.
However, in many cases, the surge in grocery spending is not just because Americans are eating at home more. The price of food is also on the rise. Consumers paid 2.6% more for groceries in April than in March — the largest one month increase since February 1974, theFor those seeing their grocery budgets grow, it may be worth shopping at stores other than your local supermarket, says
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