Wed, 13 January 2021 | pandemic spending
As COVID-19 vaccinations continue across the nation, bringing hope to millions that an end to the pandemic is on the horizon, more than 8 in 10 Americans who plan to get vaccinated say they're planning a celebratory splurge for 2021.
That's according to a new report from LendingTree. However, not everyone is quite so ready to spend — 15% of people say that in the wake of the pandemic, they'll never feel financially secure again.
Key findings
That split is the pandemic's economic impact in microcosm. Many Americans are thriving financially, having benefited from staying at home, reducing their spending and paying down debts while maintaining their jobs and their incomes. Millions of others, however, have been devastated financially in the wake of the COVID-19 pandemic and are struggling just to keep the lights on and food on the table.
"Hope is an incredibly powerful thing, and the fact that it's beginning to rise after the year we've all just been through is unquestionably a good thing," said LendingTree's Chief Credit Analyst, Matt Schulz. "However, that doesn't change the fact that the economy is still a mess and millions of Americans simply can't afford a splurge of any kind right now."
To view the full report, visit: https://www.lendingtree.com/credit-cards/study/80-percent-americans-plan-post-vaccination-splurge/.
Source: LendingTree.com