33% of some consumers will not buy more until the end of the pandemic

While the largest portion of all consumers say health concerns are their number one reason for worrying about COVID-19, consumers who are struggling from paycheck to paycheck are more likely than those who are worried about COVID-19. others say the financial impact is their biggest concern about the pandemic.

According to Reality Check: The Paycheck-To-Paycheck Report, a PYMNTS report and Loan Club collaboration.

In comparison, 29% of consumers who live from paycheck to paycheck but are comfortable, and 25% of those who don’t live from paycheck to paycheck, say financial worries are their main concern. main concern.

The latter two groups are more concerned about the social effects of the pandemic.


More than half of paycheck-to-paycheck-to-paycheck consumers also said the possibility of another outbreak and lockdown is a concern. Other key issues include avoiding the spread of the virus, loss of social contact and the risk of death; more than a third of consumers live paycheck to paycheck, saying these are reasons to worry about COVID-19.


When the crisis is finally over, many of these consumers expect to buy more, both online and in stores. Among consumers living paycheck to paycheck, about a third say they will buy in-store more often than before the pandemic, about a quarter say they will buy online with home delivery more often, and about a fifth say they will make it buy online with curbside and in-store pickup.

These results indicate that the end of the pandemic will significantly boost consumer confidence and encourage many shoppers to buy more, both in person and online.

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NEW PYMNTS DATA: 2021 HOLIDAY SHOPPING OUTLOOK

On: It’s almost time for the holiday shopping season, and nearly 90% of US consumers plan to do at least some of their purchases online, 13% more than in 2020. The 2021 Holiday Shopping Outlook, PYMNTS surveyed more than 3,600 consumers to find out more about what drives online sales this holiday season and the impact of product availability and personalized rewards on merchant preferences.


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Julio V. Miller

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