One-quarter (25.8%) of Americans have been prompted to make large purchases during the novel coronavirus (COVID-19) outbreak, according to the latest research from WARC Data. This share has remained relatively consistent throughout April.
However, over two-fifths (43.2%) have cancelled or delayed 'big ticket' purchases of items including a new car, TV or oven. Luxury items are a particular at-risk category.
Younger audiences are more likely to have been prompted to make large purchases because of COVID-19, with nearly a half (46.8%) of 18-24 year-olds saying so. This compares to just one-tenth (10.4%) for the 55-64 group...