Spending habits change in the isolation economy


This 750-word blog post looks at how our spending habits have changed during the lockdown. Written on 12th May 2020.

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Article preview: Spending habits are changing in the isolation economy, with a shift in spending focus during lockdown. New research from Legal & General and the Centre for Economics and Business Research (CEBR) found that spending habits in the isolation economy have changed by as much as £12.9 billion a year. This shift in spending habits is largely as a result of our increased spending during the lockdown on four key categories at home. The four big areas of at-home spending are groceries, alcohol, entertainment, and hobbies and crafts.