Pandemic Shifts Consumer Spending: More Bread and Milk at Home, Less Public Transit, and a Puppy Boom
- Food spending has increased by 20% since pre-COVID and is at 2000 levels
- Spending on bread, milk, and coffee is up as people work from home
- Restaurant spending jumped 19% post-lockdowns with stimulus money
- Motor vehicle share increased 27% with remote work; public transport fell 53%
- Pet ownership and related spending has significantly increased
