Studies have shown that new consumer habits form in 90 days or less, meaning consumers are always looking for different ways to spend their time and money.
During the pandemic, consumers’ habits changed even quicker. A recent Wells Fargo survey showed that the pandemic prompted two-thirds (63%) of credit card-holding consumers to initiate “pandemic purges”: three-quarters (72%) decluttered their closets, one-third (29%) purged their friends on social media, and another one-third (33%) simplified and decluttered....