Expected Post-Pandemic Consumption and Scarred Expectations from COVID-19
We examine the evolution of consumers’ expectations for their post-crisis spending on services that have been dramatically curtailed by the pandemic: visiting restaurants, bars, and hotels, using public transportation, and attending crowded events. While most groups now plan to return to their previous spending on these services, higher-income individuals expect to sharply increase their use of these services, but older Americans expect to lower theirs. Read More