Coronavirus Lockdown Causing More Impulse Buying

RADIO.COM Staff
May 11, 2020 - 12:16 pm

The coronavirus has caused a lot of people to spend more money than they would have normally.

New research from One Poll finds people are impulse buying a lot more than they did before the COVID-19 pandemic began.

In a normal month, the average person would probably spend about $155 a month on "spur of the moment" buys.

Since the pandemic started, that number has jumped to almost $183 a month.

But it's not like we're impulse buying gadgets or televisions or computers. The things that most people impulsively bought are the things that disappeared fastest from the store shelves including hand sanitizer, toilet paper, and cleaning supplies.

More than a quarter of Americans have spent more than $200 on one "big ticket" item in the last two months.

72 percent say impulse buying helps with their moods during these trying times. 

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