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November 19, 2019 May 1-8, 2020
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The Covid cash out: We spend 18% less
CARLOW consumers are spending 18% less than normal since the Covid-19 pandemic swept into the country, new figures from AIB show. However, we are spending 33% more on groceries, with those between the age of 45 and 54 recording the biggest increase at 37%. When the schools were closed and people were asked to work from home on March 12, grocery spend nationally was 60% higher compared with the
previous Thursday as people rushed to buy necessities. Carlow consumers spent an average of €70 per grocery transaction on this day, compared with an average of only €43 the previous Thursday. The AIB data has been compiled from over one million transactions between March 8 and April 11. Nationwide, Friday, March 13, saw consumers spending 4% more than normal as panic buying seemed to subside
quickly and everyday since there has been a significant drop in spending, with St Patrick’s Day recording a 47% drop in average spending – the lowest of since the crisis started. Over 65s have recorded the biggest drop in spending as they adhere to government advice, with spending down 27% among this age group. Spending by those under 25 recorded a drop of 21%, while
those between the ages of 3544 recorded a drop of 13%, the smallest decline of any group. Dublin customers recorded the biggest drop in spending (21%), while the surrounding counties followed closely. Meath and Kildare both experienced a drop of 19% with Wicklow falling 18% below the usual levels. Donegal recorded the lowest drop in spending at just 12%.
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GIY and the Innocent drinks company are making 5,000 Big Grow seed kits available to encourage children to Grow It Yourself. For information see innocentbiggrow.com