Did you find yourself spending more money on home-related goods in the last year ?
With the pandemic forcing most people to stay home longer over the past year, Cinch Home Services found that 52% of more than 1,000 respondents in a recent survey said they spent more on home-related goods in 2020 than in the previous year. People reported spending around $1,349 on average on home-related goods since the beginning of the pandemic, with men spending nearly $270 more than women.
People reported they were most likely to spend to improve home comfort (57%), while updating the home atmosphere (38%) and improving home organization (30%) were other popular reasons people were spending. It shouldn’t come as a surprise that the majority of people either ordered online or used curbside pickup to conduct these transactions.
Furniture was the most likely purchase, with 54% of respondents picking up a new sofa or setting up a home office, spending around $630 on average. Respondents were mostly buying new furniture for the living room (45%), bedroom (42%) or home office (38%). Appliances were another popular purchase, with nearly half of respondents purchasing something new for an average of $540. An air fryer (15%) was the most popular, followed by a microwave (15%) and a fan (15%).
Décor rounded out the top three, with 47% of respondents spending around $250 on it. Lighting (45%), candles (44%) and organizers (43%) were the most popular choices. Other popular purchases included home improvement tools and products and electronics.
Overall, the majority of people (95%) said they were happy with their pandemic home-related purchases, even if 27% said they went over their budget.