As we continue to power through the end of 2020, it’s time to look back on how consumer spending behaviors have significantly changed in light of the global pandemic. With a load of social restrictions put in place, everything from travel plans to socializing at bars and restaurants have been put on hold, impacting the ways consumers are spending their money.
Cleo’s New Year’s insights report takes a look at how 2020 took its toll on user’s spending, saving and everything else, especially as more than 90% experienced financial difficulties this year.
“Not All Hope Is Lost”:
As Cleo gets ready to launch Toast Mode, which savagely rounds up a year with toasts and roasts of user’s spending habits, the Cleo Insights report takes a holistic view of the way user’s spending behaviors changed from 2019 to 2020: