Martin Reeves
Mihnea Moldoveanu
Adam Job
Though the pandemic has come and gone, the same cannot be said of the gyrations it has caused in consumer spending patterns. Today, ~2/3 of U.S. consumption is overshooting or undershooting pre-pandemic trends. These distortions can be grouped into six distinct consumption patterns that have produced winners and losers even as aggregate consumption remains the key source of macro resilience.