Rollercoaster Spending In A Pandemic
It’s rare to see categorical changes in spending greater than 10% from the prior month, with occasional exceptions around tax time, where members often receive a large influx of cash from refunds. The swings we see here in spending on groceries, restaurants, and automotive are unprecedented. Other categories not shown here, like loan payments, credit card payments, and utilities, have stayed very consistent so far in 2020.
