PORTFOLIO NEWS: TechCrunch: Duffl’s David Lin dishes on why traditional rapid grocery delivery is not working  Read More

BROADCAST: Consumers are ‘Frontloading’ Holiday Spending: Larry Cheng on Fox Business  Read More

TEAM NEWS: Tomy Han Ranked #24 on the Insider 71 rising-star VCs who shook up the industry in 2022  Read More

ANALYSIS: Rule of 40 Index, now live with time series data: Explore

VOLITION VIEWPOINTS: Five Ways to Build a Sustainable Execution Strategy (Hint: Be A Thermostat, Not A Thermometer)  Read More

TEAM NEWS: Volition Capital Vice President Claude de Jocas Named a 2022 Top Women Leader in Growth Investing  Read More

Volition Capital Announces Closing of Fund V with $675M in Capital Commitments: Volition Capital Announces Closing of Volition Capital Fund V, L.P. with $675M in Capital Commitments  Read More

2 MIN READ

How Will the Covid-19 Crisis Impact Consumer Behavior?

How has the COVID-19 crisis impacted Americans? When will consumers be ready to go back to normal? Has our behavior been permanently changed by this crisis?  To answer these and other questions, Volition Capital surveyed over 1,000 consumers on April 17, 2020, about their experience of this crisis and their perspectives moving forward.

The study has been referenced in the following articles:

Key Takeaways:

  • Americans have been broadly impacted by this crisis but in different ways. 41% know someone who contracted Coronavirus, 34% have had their employment/wages impacted, and 55% cannot work from home effectively. 
  • Going back to normal is a long way off. 80% expect a second wave of COVID-19, 32% would not go to a large group gathering until 2021 or beyond, 60% expect housing values to go down and 30%-40% expect to travel less and spend less in the future.
  • There will be a new normal in the future as consumers have adopted new services and technologies during the pandemic that they will carry into the future including videoconferencing and grocery delivery. 

Methodology:

  • ~1,000 people 
  • National (US-based)
  • Online survey 
  • $25k+ income
  • Census-weighted gender distribution
  • No incentive 

Sign up for our mailing list to get Volition Viewpoints in your inbox:

[hubspot type=form portal=7228887 id=7c89f4bd-066c-4200-bdd2-9f25db71380c]
Volition

Larry Cheng

Managing Partner

Larry Cheng

Managing Partner

“Success is 1% inspiration, 98% perspiration, and 2% attention to detail.”  – Phil Dunphy

Jim Ferry

Jim Ferry

Principal

Jim Ferry

Principal

Volition

Claude de Jocas

Vice President

Claude de Jocas

Vice President

ALL ARTICLES
BACK TO TOP