
In 2020, the COVID-19 pandemic upended nearly every aspect of everyday life. And while months of social distancing and staying inside may have felt like an overwhelming strain on mental health, there’s been one potential bright side: A majority of Americans changed their spending patterns during quarantine – for the better.
With less opportunity for spending money on travel or dining out, buying habits shifted to eating in, making coffee at home, and staying healthy during the pandemic. In 2020, many Americans were able to invest more, while saving on typically high costs, including child care and entertainment.