- Joined
- Jun 12, 2014
How much have you spent on these things? How much have your friends and family spent? I’ve purchased maybe $80 worth of hand sanitizer and masks since the beginning of the pandemic last year, and that’s likely an overestimation. Do you really think there’s a worldwide conspiracy to kill millions of people and crash the world economy in a ploy to get people to spend $100 per year each on jellied alcohol?Hand sanitizer, masks, cleaning supplies. All of things people would want to protect themselves from getting sick.
I don't disagree. But my time frame isn't from the start of COVID (march 2020~) to the end of COVID (Sept 2021~) but beyond. A lot of people who never used Amazon before, or did online shopping, or played games, now all do that and there isn't any going back. So when everything opens, 'covid' will be used as the reason why you should; Buy a new house, buy a new car, go on a much more expensive holiday than you usually do etc etc
Online and digital goods. More so than they have before. Sure, it's offset because it looks like people have saved more. But those new habbits won't go away when things become 'normal'. I would like to see the data of people swapping to fast food vs buying fresh.
My POV is all UK btw, so i can't comment on other countries.
Your rationale confuses me. How could someone possibly be motivated to purchase a house or a car when they otherwise wouldn’t... because of COVID?I don't disagree. But my time frame isn't from the start of COVID (march 2020~) to the end of COVID (Sept 2021~) but beyond. A lot of people who never used Amazon before, or did online shopping, or played games, now all do that and there isn't any going back. So when everything opens, 'covid' will be used as the reason why you should; Buy a new house, buy a new car, go on a much more expensive holiday than you usually do etc etc
Online and digital goods. More so than they have before. Sure, it's offset because it looks like people have saved more. But those new habbits won't go away when things become 'normal'. I would like to see the data of people swapping to fast food vs buying fresh.
My POV is all UK btw, so i can't comment on other countries.
Sure, retailers that specialize in efficient online distribution such as Amazon are making an absolute killing, and online consumer spending will likely remain a household priority in the near and distant future. But so what? As long as aggregate household spending remains the same, who cares if your $100-per-week grocery bill is spent at the local grocer or online?
Now this is clearly devastating to small, local businesses who cannot hope to compete with this business model, and I do believe that government intervention is required to keep this sector of the economy from atrophying away into oblivion. But, again, this is due to less spending, not more. The reason household spending is so low is a double effect of a crisis mentality (better save up in case something bad happens) as well as simply not having your activity-du-jour available to spend on. I work in a particular entertainment industry that has all but utterly died, and though I am doing fine, many of my clientele simply have no substitute. Where one would spend thousands per year on tickets, now they spend nothing.
I think you’re looking for a nefarious movie-plot scenario where there is merely human tragedy and the effects of a society reeling from crisis. Real life doesn’t have a Kevin Spacey monologue attached.