Yes to brunch, no to Coachella. Here's how younger Americans plan to spend after the coronavirus crisis investinyou (In partnership with acorns.)
Anecdotal evidence among those surveyed points to concerns about sweat in gyms, Clausen said, and movie theaters — facing an uphill market battle pre-virus — may also now be in even more trouble than usual. "Is this the moment when Hollywood goes video-on-demand?" he added. "If these numbers are true, you have to worry about [movie theater chains]."
Clausen said there are, in fact, "two types of young people in our country: the ones who don't give a damn about this thing and the ones who care a lot." While TruePublic found that 43% of Gen Z and millennials have broken isolation to congregate, "the rest are taking it seriously," he added.Among those young people sheltering at home who still have jobs, there's a pent-up demand for spending — despite a surge in online shopping.
The poll did find there's a lot of online shopping in the meantime. Half of all respondents are engaging in e-commerce during the lockdown, and a full 34% plan to keep up the increased pace, according to TruePublic. See the results below. Product shortages of major national brands in some stores during widespread lockdowns could also work out well for newer or smaller brands going forward, TruePublic found.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yes, You Should Wash Your Hands Before You Put On Your Coronavirus Face MaskExperts agree that you should wear cloth masks in public to combat spread of the coronavirus. DoctorDarienMD told us everything you need to know on the dos and don’ts 😷
Read more »
The Queen's Baths Are Always Exactly Seven Inches Deep—And Yes, Someone MeasuresQueen Elizabeth's baths are always exactly seven inches deep and a member of her staff measures them to make sure they're precisely right.
Read more »
Will COVID-19 deepen the retirement crisis? Yes and no — here’s howLoss of income and diminished savings options could be a setback for anyone who hopes to retire
Read more »
Amazon surges to record highs as the coronavirus crisis drives an online spending spree (AMZN) | Markets InsiderAmazon shares leaped to record highs on Tuesday as the firm profits on greater demand for online shopping. The e-commerce titan traded as much a...
Read more »