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This chart shows the link between restaurant spending and new cases of coronavirus
Analyzed data from 30 million Chase credit and debit cardholders and from Johns Hopkins University’s case tracker found that increased restaurant spending in a state predicted a rise in new infections there 3 weeks later.
Conversely, higher spending at supermarkets predicts a slower spread of the virus, which could indicate that states that buy more groceries are more mindful of social distancing measures.
“For example, as of three weeks ago, supermarket spending was up 20% or more from last year’s levels in New York and New Jersey, while it was up less than 10% in Texas and Arizona,” Edgerton said.
Analyzed data from 30 million Chase credit and debit cardholders and from Johns Hopkins University’s case tracker found that increased restaurant spending in a state predicted a rise in new infections there 3 weeks later.
Conversely, higher spending at supermarkets predicts a slower spread of the virus, which could indicate that states that buy more groceries are more mindful of social distancing measures.
“For example, as of three weeks ago, supermarket spending was up 20% or more from last year’s levels in New York and New Jersey, while it was up less than 10% in Texas and Arizona,” Edgerton said.
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