2 Responses to COTD: How COVID Changed Day-of-Week Spending

1. Anonymous says:

   July 1, 2023 at 11:05 PM

   All spending? Main Street and Internet Street? Seems like people are getting off of work earlier and going to bed earlier perhaps.

   Reply
2. macromon says:

   July 2, 2023 at 1:00 PM

   Good points, Anon. Here’s the Economist:

   In theory, remote labour should make weekdays more like weekends. Work-from-home days and weekends are both free of commuting, and it is easier to fit errands or meet-ups between video calls than to abscond from the office. Yet credit-card data show that it has had the opposite effect: weekends’ outsized share of in-person spending has grown even further.

   At our request, Visa, the world’s biggest card-payment network, shared hourly data on spending on entertainment, food and drink, retail goods and transport, but excluding online transactions. The numbers covered 22 cities on six continents in November 2019 and November 2022. They tracked shifts in the timing of purchases, but not changes in total spending levels.

   https://www.economist.com/graphic-detail/2023/06/28/sunday-brunch-is-the-new-friday-night

   Reply

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