This project will capture critical consumer sentiment in the midst of Covid and a recession, in order to understand what purchases are 1) currently highly valued; 2) still important; and 3) what is being left behind.
The world has changed during 2020. And all of this change has drastically impacted what consumers prioritize based on the both the coronavirus and finances. It’s time to deeply understand where people’s priorities lie, now that pandemic-normal has set in. What previously normal household items and activities have been slashed in 2020? What remains? What are new and evolving needs? How have people adapted? From gym memberships and pedicures, to new clothes and new tech, this project will reveal where timely opportunities lie in today’s environment and what could make all that change.
With so much in flux, Americans have engaged in new behaviors to keep themselves safe and/or their bank accounts stable. Many old habits have changed; fewer people are eating out and walking down shopping aisles. What sacrifices did Americans choose to make during this time? How have they adapted? What did they give up permanently? And, where do new opportunities lie?