How the Virus Transformed the Way Americans Spend Their Money – The New York Times

The coronavirus has profoundly altered daily life in America, ushering in sweeping upheavals to the U.S. #economy. Among the most immediate effects of the crisis? Radical changes to how people spend their money.

In a matter of weeks, pillars of American industry essentially ground to a halt. Airplanes, restaurants and arenas were suddenly empty. In many states, businesses deemed nonessential — including luxury goods retailers and golf courses — were ordered closed.

Via: How the Virus Transformed the Way Americans Spend Their Money – The New York Times