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Survey: As US Consumers Return to More Typical Spending Patterns, Interest in Investing Emerges as a Lasting Pandemic Legacy

Share this article Share this article NEW YORK, May 27, 2021 /PRNewswire/ In the first weeks of 2021 and the pandemic s second year US consumers were feeling growing financial pressures that restrained their spending, according to a survey conducted in February. The Conference Board® Global Consumer Confidence Survey, found that 62 percent of respondents were cutting back on expenses a 13-point spike from Q1 2020. However, by the end of the first quarter, caution was giving way to a surge in spending, as consumers began feeling the effects of the latest round of government stimulus. The first quarter also saw an increase in both savings and investments into stocks and mutual funds, as compared to Q1 2020.  As set forth in an accompanying report,

Survey: American Consumers Turn to Stock Market amid Pandemic Restrictions and Stimulus

Share this article Share this article NEW YORK, Feb. 9, 2021 /PRNewswire/ Record-high stock valuations and fewer things to spend on as COVID-19 restrictions enter a second year are enticing more US consumers to invest discretionary funds in the stock market. In Q4 2020, 20% of consumers surveyed invested in shares of stocks or mutual funds, up from 16% in Q2. By contrast, record-low interest rates have resulted in just 43% of consumers putting money into savings in Q4 down from 49% in Q2. These findings and more are detailed in The Conference Board® Global Consumer Confidence Survey, fielded online in 67 markets worldwide. Overall, the Q4 survey confirmed that pandemic-related forces including more time at home, reduced opportunities to spend, and enhanced fiscal support from the government continue to be the chief factors shaping consumer behavior in the United States.

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