27% of consumers anxious about making upcoming financial payments as COVID-19 continues

New Ideas in MarketingEssential news for marketers, summarised by YouGov
May 27, 2020, 1:50 AM UTC

Deloitte’s Global State of the Consumer Tracker surveyed 1,000 consumers across 15 countries.

The report states that despite anxiety and health concerns gradually easing, financial worries remain among consumers, especially in the automotive market. According to the study, 27% of consumers reported concerns about making upcoming financial payments, and 43% of respondents are delaying large purchases.

Further, 49% of the US vehicle owners plan to keep their current cars longer than expected and 27% of car owners are delaying regular maintenance of their vehicles. 36% of millennials are concerned about making upcoming car payments.

Among other woes, people are second-guessing use of public transport (60%) and ride-hailing services (57%) over the next three months. Other concerns among US consumers include job losses (37%). However, 52% of consumers across the globe would purchase from brands they trust.

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