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Five years later, those stimulus checks may seem like a distant memory.
However, we may still be experiencing their impacts.
Here are some ways those stimulus checks were spent and how spending has changed since.
Also seethree hidden stimulus programs most people dont know about.
However, inflation, as well as depleted savings, provided some headwinds.
This could be indicative of a return to pre-pandemic spending behaviors or a changing economic landscape with higher prices.
This trend has continued, and many Americans still prefer online shopping because it is convenient.
In fact, according to theU.S.
Census Bureau, total e-commerce sales in 2024 were 8.1% higher than in 2023.
Plus, in 2024, e-commerce sales made up 16.1% of total sales.
As a result, PayPal saw 7.4 million net new accounts added in April 2020.
A recent report fromDeloitteperfectly highlights this sustained shift in consumer preferences.
According to data from theU.S.
At restaurants that provide the same services, delivery spending more than quadrupled.
This trend continues post-pandemic, as more Americans prioritize convenience.
According to theWorld Economic Forum, 70% of retail investors in the U.S. are under age 45.
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