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As we continue to power through the end of 2020, it’s time to look back on how consumer spending behaviors have significantly changed in light of the global pandemic. With a load of social restrictions put in place, everything from travel plans to socializing at bars and restaurants have been put on hold, impacting the ways consumers are spending their money.
Cleo’s New Year’s insights report takes a look at how 2020 took its toll on user’s spending, saving and everything else, especially as more than 90% experienced financial difficulties this year.
As Cleo gets ready to launch Toast Mode, which savagely rounds up a year with toasts and roasts of user’s spending habits, the Cleo Insights report takes a holistic view of the way user’s spending behaviors changed from 2019 to 2020:
Slowly but surely, normality is rearing its head into this whole pandemic thing. As much as you might feel ready to get back to things, you’ve made some strong relationships in the last few months. Seriously strong, like your HUGE commitment to food delivery strong. Consider this an ode to your takeout spending as you move on to the next chapter of your life. Restaurants.
I joined Cleo in March as a Backend Ruby Engineer, three weeks after I joined the UK went into lockdown and I was working in a fully remote team. These four approaches to working have helped me stay an active contributor to the team over the last three months of isolation.
You're wasting your money wrong - and we will prove it to you
