Informal commerce: Latin America’s informal economy has provided a livelihood for families that have been excluded from finding employment in the formal sector. Amid the pandemic, more people began trying to earn extra income by selling items online—most notably on social media.

“I really think with racial equity being at the center of Biden's policymaking, that clearly any technologies that perpetuate discrimination in housing, employment, healthcare, and criminal justice will be evaluated quite closely,” Turner Lee of Brookings said.

And only 11% would feel comfortable getting the vaccine at their place of employment—a common offering for the yearly flu vaccination. Read More:. Retailers including CVS, Kroger, Walgreens, and Walmart aim to speed up coronavirus vaccine administration. The Digital Health Ecosystem.

From Q1 to Q3 2021, spend will begin to return in nonessential categories as employment rates begin to recover, vaccine distribution accelerates, and the third stimulus hits customers’ bank accounts, though delinquency risk will remain high.

There is a longer-lasting negative shock to employment and incomes that depress consumer demand. This leads to a prolonged economic contraction, and it could take many years before consumer spending returns to pre-pandemic levels. Latin America Overview.

In a recent analysis, the consulting firm reported that households with LGBTQ+ couples have higher median household incomes ($92,000 versus $86,000) and higher percentages of dual employment (61% versus 50%) than households with non-LGBTQ+ couples. They also account for a higher percentage of households with incomes over $100,000 (46% versus 42%).

In Spain, the Havas Media and ODEC survey found that 88% of adults wanted companies and brands to be proactive in providing products, and/or deferring payments, after the lockdown ended for those whose employment or economic situation was affected by the coronavirus.

Consumer confidence and China’s employment situation in H2 will drive outcomes for retail ecommerce and social commerce. We project $2.090 trillion (RMB14.440 trillion) in retail ecommerce sales this year (16.0% growth), and 30.3% growth in social commerce, but much is reliant on uncertain domestic and global economic storylines.

Negative GDP growth rates will likely lead to caution from brand decision-makers, and alarming employment figures will further dampen the overall outlook. Advertisers will likely take a step-by-step approach to assessing consumers’ willingness to spend in H2 before committing to fully resuscitating their ad buying patterns.

Though ACH payments face a headwind from decreased employment, which is hindering direct deposit and cutting down on bill payments—two top use cases for direct bank transactions—a move away from paper checks has been a massive tailwind for the sector.

Employment has apparently taken a severe blow as well, although in China reliable jobs data is hard to find. Advertisers will likely take a step-by-step approach to assessing consumers’ willingness to spend in H2 before committing to fully resuscitating their ad buying patterns.

There is a longer lasting negative shock to employment and incomes that depress consumer demand. This leads to a prolonged economic contraction, and it could take many years before consumer spending returns to pre-pandemic levels. US Retail and Ecommerce Sales. Everything about the 2020 retail and ecommerce landscape has changed during the pandemic.

There is a longer-lasting negative shock to employment and incomes that depress consumer demand. This leads to a prolonged economic contraction, and it could take many years before consumer spending returns to pre-pandemic levels. The State of US Retail Ecommerce Sales.

A July 2019 report from Retail Economics and Womble Bond Dickinson (WBD) found that as of March 2019, the monthly number of digital purchases made by 16- to 24-year-olds was higher than for any other age group, but monthly spend among that group was the lowest—an obvious effect given that many within this cohort likely aren’t in full-time employment.

The report also noted that US households headed by LGBTQ couples had higher median annual incomes than non-LGBTQ couple households ($92,000 versus $86,000); saw higher percentages of dual employment (61% versus 50%); and accounted for a higher percentage of households with incomes above $100,000 (46% versus 42%). LGBTQ consumers tend to be loyal to brands that support their community.

During the week of March 16, the first week of the state of emergency declaration, there were 929,000 employment insurance applications in Canada, almost double the previous weekly record (499,200) set in 1957. The impact of the coronavirus pandemic on consumer spending has been massive. The Conference Board of Canada expects household consumer spending to decrease by CA$20 billion in Q2 2020.

At the time of this writing, both consumer- and business-focused relief packages are under discussion, which would affect consumer spending and employment. The current combo of supply and demand shocks leaves a lot of unknowns here, especially with the currently unknown length of quarantines or lockdowns across the US and elsewhere.

This approach was designed to support employment (which it did, to some degree), but it did not buttress consumer confidence, nor did it ensure regular people would have enough money in their pockets to continue spending on retail goods at pre-pandemic levels. Hence, China’s GDP growth outperformed, but its consumers still had a bad year. The US Focuses on Demand, Not Supply.

Employment levels and hiring both cratered in March and April due to government lockdown measures. People also turned to more personal social media for connecting with friends and family and for health and safety information. There was a slight uptick in mobile app usage in May, likely driven by users looking to re-enter the workforce.