COVID-19 Impact on Consumer Spending
Learn how businesses navigated the shift to digital, how consumers responded, and the spending trends likely to stay in a post-COVID-19 world.
The world has changed in incredible ways due to the COVID-19 pandemic, and no one truly knows how the new normal will take shape. We understand the economic impact is being felt in vastly different ways, especially for e-commerce and in certain sectors.
This Recovery Insights report provides an in-depth analysis of e-commerce spending during the pandemic.
More money was spent online in the U.S. in April and May than the last 12 Cyber Mondays combined; in the month of May, U.S. e-commerce spending grew by 93 percent year-over-year.
—Source: Mastercard SpendingPulse™
Download Recovery Insights: The Shift to Digital to learn more about signs of normalization, sector-specific trends, the impact of government stimulus on e-commerce sales, and how these trends will evolve in the next few months.