April 14, 2020

The Great Spending Shift

Wonder what people are spending on during lockdown? The New York Times posted an interesting story recently showing how spending habits have changed over the past several weeks. The big winners — as you can imagine — are grocery stores 🛒 and online streaming companies 🎮.

We’re eating differently. In past financial crises, restaurants and bars have been relatively untouched. Not so in this environment. Almost all of us are eating at home. 🍽️ To be fair, some Even what we buy has changed — processed and canned foods have made a big comeback lately 🥫.

We’re also playing differently. Digital entertainment — especially gaming — is on the rise 👾. The interesting thing about gaming is that it enables us to engage with others while at the same time staying safely isolated. Digital movies, music and e-books are all on the rise as well 📚🍿.

What about you — how are you spending differently in these times? Let us know in the comments below or on social media.

Disclaimer: Please note, the material collected in this post is for informational purposes only and is not intended to be relied upon as or construed as advice regarding any specific circumstances. Nor is it an endorsement of any organization or Services.

Photo by: Jakub Kapusnak

You may enjoy

People of EarnIn: Kim Crook
People of EarnIn: Kim Crook
Kim Crook shared her financial journey with the rest of the community. Read more about the People of EarnIn here.
People of EarnIn: Tequila Harris
People of EarnIn: Tequila Harris
Tequila Harris shared her financial journey with the rest of the community. Read more about the People of EarnIn here.
People of EarnIn: Angela Torres
People of EarnIn: Angela Torres
Angela Torres shared her financial journey with the rest of the community. Read more about the People of EarnIn here.
People of EarnIn: Francesca Crespo
People of EarnIn: Francesca Crespo
Francesca Crespo shared her financial journey with the rest of the community. Read more about the People of EarnIn here.
People of EarnIn: Mariah Dwyer-Britton
People of EarnIn: Mariah Dwyer-Britton
Mariah Dwyer-Britton shared her financial journey with the rest of the community. Read more about the People of EarnIn here.
Vote: Change Starts With One Person
Vote: Change Starts With One Person
A single vote may seem small, but you can create something very special when many motivated people work together. Read here to know more.
People of EarnIn: Alison Slater
People of EarnIn: Alison Slater
Alison Slater shared her financial journey with the rest of the community. Read more about the People of EarnIn here.
Quarantertainment
Quarantertainment
People of EarnIn: Alya Carillo
People of EarnIn: Alya Carillo
Alya Carillo shared her financial journey with the rest of the community. Read more about the People of EarnIn here.
People of EarnIn: Danielle Majeika
People of EarnIn: Danielle Majeika
Danielle Majeika shared her financial journey with the rest of the community. Read more about the People of EarnIn here.
How FOMO Wrecks Your Finances?
How FOMO Wrecks Your Finances?
Is your debt filling you with the fear of missing out? Read here how Zina Kumok grappled with the same issue and shared what she learned along the way.
Hidden Talents of the Earnin Team: Namrata Dev
Hidden Talents of the Earnin Team: Namrata Dev
Earnin employees are good at their jobs, but they’re more than just that. Read here about their pursuits and the hidden talents they’ve cultivated.

EarnIn is a financial technology company not a bank. Subject to your available earnings, Daily Max and Pay Period Max. EarnIn does not charge interest on Cash Outs. EarnIn does not charge hidden fees for use of its services. Restrictions and/or third party fees may apply. EarnIn services may not be available in all states. For more info visit earnin.com/TOS.

Download on the App Store
4.7 +189K ratings
Download on Google Play
4.6 +200K ratings