COVID-19 shutdowns are believed to be contributing to the drop. The novel coronavirus profoundly altered our daily routines and spending habits.
As the pandemic shut down much of the country, Americans spent more on essential goods and home entertainment and spent less on travel and eating out, according to a TD Ameritrade survey obtained exclusively by USA Today.
TD Ameritrade surveyed 1,008 Americans who were at least 24 years old from April 24 to May 4.RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates Roughly 57 percent of Americans forked over more money on groceries while quarantining at home, according to the numbers.