The U.S. States Closest to Full Vaccination

By Staff
Wednesday, July 28, 2021 3:25 PM The U.S. was quick off the blocks in its vaccination campaign but its pace has now slackened considerably. Earlier in the year, the world looked on with envy as the U.S. got jabs into arms at lighting speed but by late July, it had only managed to fully vaccinate 48.7 percent of its population. Many of the countries that looked on with envy back in February and March have now surpassed the U.S. in terms of full vaccinations and the list includes Canada (54.7 percent), Spain (54.3 percent) and Germany (48.7 percent) according to Our World in Data.

The current level of vaccination in the U.S. is not high enough to stop the spread of the highly infectious Delta variant of Covid-19 and 48 states saw their case count grow by 10 percent over the past week while 34 percent experienced a 50 percent leap. 

Gartner Says Global Chip Shortage Expected to Persist Until Second Quarter of 2022

By Staff
Monday, July 26, 2021 10:34 AM The worldwide semiconductor shortage will persist through 2021, and is expected to recover to normal levels by the second quarter of 2022, according to Gartner, Inc.

“The semiconductor shortage will severely disrupt the supply chain and will constrain the production of many electronic equipment types in 2021. Foundries are increasing wafer prices, and in turn, chip companies are increasing device prices,” said Kanishka Chauhan, principal research analyst at Gartner.

Pandemic Recession Was the Shortest Ever in the U.S.

By Staff
Thursday, July 22, 2021 3:36 PM While the COVID-19 pandemic is far from over, as rising case numbers in various countries sadly illustrate, the recession it brought on to the U.S. economy officially is. And for quite some time, as the official chronicler of U.S. business cycles announced on Monday. According to an official statement from the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER), the U.S. economy bottomed out in April 2020, just two months from its previous peak in February 2020.

According to the NBER’s conventions for chronicling economic cycles, a recession begins in the first month following a peak in economic activity and ends in the month of the subsequent trough. In this case, that means the COVID-19 recession only lasted for two months, making it the shortest on record.

While the protracted length of an economic contraction is usually one of three criteria for determining a recession—depth, diffusion and duration—the NBER states that “extreme conditions revealed by one criterion may partially offset weaker indications from another.”

Click here to read the full story from statista.com.

KFF COVID-19 Vaccine Monitor: In Their Own Words, Six Months Later

By Staff
Wednesday, July 21, 2021 2:25 PM At the beginning of 2021 as vaccine distribution began in the U.S., The Kaiser Family Foundation (KFF) conducted interviews with a nationally representative sample of adults using open-ended questions to better understand public concerns around receiving a COVID-19 vaccine. Six months later, KFF re-contacted these individuals to find out whether they chose to receive a COVID-19 vaccine, their reasoning behind their decisions, and how they are feeling about their choice. Here are some of their findings:

•  The vast majority (92 percent) of those who planned to get vaccinated “as soon as possible” in early 2021 have received at least one dose of a COVID-19 vaccine, as have slightly more than half (54 percent) of individuals who had previously said they wanted to “wait and see” before getting vaccinated. On the other hand, a majority (76 percent) of people who had previously said they would “only get vaccinated if required” or said they would “definitely not” get a COVID-19 vaccine remain unvaccinated. 

•  One-fifth of adults (21 percent) now report being vaccinated after saying in January they planned on waiting to get vaccinated, would only get it if required, or would definitely not get vaccinated. Many of these individuals noted the role of their friends and family members as well as their personal doctors in persuading them to get a vaccine. 

•  When asked to name the feeling that best describes how they feel now that they have been vaccinated, nearly a quarter of vaccinated adults offer responses around feeling safe (24 percent) and relieved (22 percent). Other positive feelings reported were freedom, confidence, and more certainty that if they did get COVID-19 it would be less serious or they were less likely to die from it.

Proximity Mobile Payments Are Twice as Popular in China Versus U.S.

By Staff
Tuesday, July 20, 2021 9:34 AM More than 87 percent of smartphone users ages 14 and older in China will tap, scan, or swipe those devices to pay at a point-of-sale this year, according to a new survey by Insider Intelligence.com. Yet only half as many U.S. smartphone users in that age group, about 43 percent, will use proximity mobile payments, as mobile wallets are still catching on in the U.S.

U.S. Leads in Crypto ATMs

By Staff
Monday, July 19, 2021 11:00 AM The U.S. is the world's most "crypto-ready" country, according to a recently released ranking by crypto education platform Crypto Head. As Statista data journalist Niall McCarthy observed in a blog post last week, the research delved into several factors impacting cryptocurrencies around the world such as public interest, the government's legal stance as well as ownership of digital currency. A further important element was the accessibility of Bitcoin, Dogecoin and co, especially the prevalence of crypto ATMs.

Survey Finds Many Americans Having Trouble Obtaining Products and Services

By Staff
Friday, July 16, 2021 12:00 PM NEW YORK—According to a recent survey by LendingTree, roughly seven in 10 Americans report not being able to find the products they need and/or not being able to use some of the services they’ve come to rely upon. The issue: certain product and labor shortages. This was the main finding in the LendingTree survey of more than 2,000 consumers.

As a result, many consumers are “choosing to wait things out rather than pay extra or deal with frustrating customer experiences,” the findings noted.
 
Here’s what consumers had to say about the shortages they have encountered this summer.

  • The most commonly cited product shortages include meat (21 percent), gas (20 percent), appliances (16 percent), cars (15 percent) and lumber (13 percent). But it’s not just goods — 23 percent of parents with young children are having trouble finding a babysitter, and 22 percent of restaurant patrons have noted unusually slow or poor service.

  • More than half of Americans (54 percent) are putting off big projects and purchases as a result of the shortages facing the nation. For example, 26 percent held off on a vacation and 20 percent tabled home-improvement projects.
Labor shortages are the other noticeable trend this summer, with 51 percent of survey respondents reporting difficulty obtaining certain services. The top areas affecting consumers include: unusually slow or poor service in restaurants (22 percent).

Is Gen Z Socially Engaged?

By Staff
Thursday, July 15, 2021 1:32 PM An accusation traditionally directed at any younger generation is that they're not socially and politically engaged enough and are perhaps not doing all they could to move the world in the right direction. A recent Deloitte survey of people in the cohort referred to as 'Generation Z' (born between 1995 and 2003), reveals that for a large share this couldn't be further from the truth.

As this infographic from Statista.com shows, over half of the 8,273 global survey participants said they had donated to charity in the past two years, while at least a third were involved in a wide range of socially engaged activities and actions—ranging from attending a protest or march, to making a career decision based on their own ethical values.

This year’s global survey followed up on topics related to the pandemic, including its effect on respondents’ behaviors, stress levels, and opinions. As always, it asked about people’s satisfaction with business’s role in society. And it dug into the issues that matter to millennials and Gen Zs, especially the environment, social equality, and discrimination.

The Top Health and Fitness Metrics Tracked By U.S. Wearable Users

By Staff
Wednesday, July 14, 2021 1:38 PM The leading metrics among U.S. wearable users are fitness-related, according to a recent survey by eMarketer. When asked what health/fitness metrics do U.S. wearable users track with their devices, 59 percent count on these devices to tally their daily steps, and 42 percent use the tech to track workouts. According to the survey, 32 percent track calories with their devices and 17 percent track stress levels. Meanwhile, just 8 percent monitor chronic health conditions with smartwatches, fitness trackers, and the like.

Gartner Finance Research Shows Bad Debt Increased 26 Percent in 2020

By Staff
Tuesday, July 13, 2021 12:10 PM A Gartner, Inc. analysis of 796 financial statements revealed that provisions and write-offs of bad debt increased from $9,750 million in 2019 to $12,262 million in 2020—a 25.8 percent increase. The standard approach to determining receivables risk underestimates the risk of customer nonpayment because it fails to account for those who can pay but still won’t, according to Gartner, Inc.

Nearly 75 Percent of BNPL Users in the U.S. are Gen Z or Millennials

By Staff
Monday, July 12, 2021 9:58 AM More than 45 million people ages 14 and older in the U.S. will use buy now, pay later (BNPL) services this year, according to eMarketer’s inaugural user forecast for these financing options. That’s up 81.2 percent over 2020, and the age range of BNPL users will widen over the coming years as well. In 2018, more than 80 percent of BNPL users were millennials or Gen Zers 14 and over.

Research Firms Evaluates the Sports Gambling Opportunity for Marketers

By Staff
Friday, July 9, 2021 11:24 AM NEW YORK—With sports gambling now legal in more than 20 U.S. states, there also are new business opportunities, and potential pitfalls, for broadcasters and streaming services that seek to tie in betting content, or perhaps even market separately to the sports viewing and gambling audiences, according to a recent review of the market by eMarketer.

According to the firm’s review, sports gambling was legal and active in 21 states as well as the District of Columbia, as of May. An additional six states had legalized betting, but did not yet have live services, and 14 other states had active pre-filed legislation aimed at legalization. Only nine U.S. states had either no legislation or dead legislation as of May, according to eMarketer’s review.

A study by research and brokerage firm Gabelli Securities and the U.S. Census Bureau estimates that legalized sports gambling in the US will generate $2.1 billion in revenues this year and projects growth to $10.1 billion by 2028.

Other companies predict even higher revenues from legalized sports betting in the U.S., with Morgan Stanley estimating a market size of $15 billion by 2025 and Macquarie Research forecasting $30 billion by 2030.

Despite varying forecasts, which could result from differences in methodology, “the takeaway is that gambling will produce significant new revenues for sports rights holders, as well as opportunities to integrate this content with traditional broadcasts and streams,” eMarketer said.

Where the Delta Variant Is Gaining Ground

By Staff
Thursday, July 8, 2021 8:10 AM The rapid spread of the Delta variant has led to countries around the world scrambling for new travel bans to stop the COVID-19 virus mutation. Hong Kong, Spain and Portugal restricted travel from the U.K. last week, while Germany had already curtailed entry from Portugal on June 25, citing the late-coming curb on U.K. travel there. Germany also put Russia on its list of countries from which incoming travelers cannot cut quarantine short due to variants of concern circulating in the country, according to a recent feature from Statista.com.

Data platform GISAI shows how critical the situation in Portugal is at the moment. The Portuguese health department registered 616 infections with the dangerous Delta variant in the past four weeks, the third highest in an analysis of 80 countries and territories. This corresponds to 56 percent of all infections during this time period. Only the U.K.—where the Delta variety has been spreading for months—and the U.S. counted more infections with the variant over this time period.

Click here to read the full story from Statista.com.

Consumers Pay Attention to How Companies Respond to Racism

By Staff
Wednesday, July 7, 2021 10:17 AM How brands respond to racism informs many U.S. adults’ purchasing decisions, according to recent research from eMarketer. More than 2 in 5 U.S. adults said they have started or stopped using a new brand over its response to racial injustice, with younger adults at the helm. Nearly 3 in 5 of those ages 18 to 34 reported doing the same, showing that younger buyers pay attention to a brand’s social stance—and react with their wallets.

Comparing U.S. Vaccination Rates, State by State

By Staff
Tuesday, July 6, 2021 11:24 AM Despite President Biden’s goal of having 70 percent of Americans vaccinated by July 4, the U.S. has fallen short. The Centers for Disease Control and Prevention reported on July 3 that 172 million people in the U.S. (67 percent of the adult population) have received at least one dose while 156 million (46 percent) are fully vaccinated.

As data journalist Niall McCarthy observed in yesterday’s Statista blog, the U.S. was averaging more than 800,000 doses a day when Biden first announced the goal.