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Society & Lifestyle

Over half of Americans purchased supplies in preparation of coronavirus

Mar 19, 2020

The most popular pandemic purchases among those who stockpiled are food, medication and cleaning and paper products

coronavirus

More than half of Americans purchased supplies in preparation of coronavirus. Source: shutterstock.com

According to the research conducted by LendingTree, 63% of the US customers purchased supplies related to the coronavirus outbreak, spending on average $178.44. Besides, 63% of Americans purchased supplies in preparation of COVID-19.

The study found that parents of children under 18 spent $189.80 on supplies, which is more than $11 above the average.

Higher earners of $100,00 or more, spent an average of $219.90 on supplies, according to the survey.

For most people, the financial margin for error is tiny, so this outbreak has the potential to cause a real money crunch for many Americans. If you're concerned about being able to pay your credit card bills, call your issuer and tell them. You won't be the first person to do so, and these are unprecedented times
Matt Schulz, Chief Industry Analyst at Compare Cards

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