The US Census Bureau reports that over 88,800,000 people are teleworking now.3 In August, the Bureau of Labor Statistics estimated one in four employed people worked from home during the pandemic.4
With that added time inside, many Americans spent money on making home a more relaxing place to be. And with less face-to-face time, folks relied more on phones and smart displays to video chat with friends and family.
In 2020, 46% of Americans increased their home tech spending compared to previous years.
Nearly 60% of Americans say they spent more time using home tech this year compared to last year. Only 11% said they spend less time.
- 46% of Americans say they spent more money on home tech in 2020.
- 22% of Americans say they spent less money on home tech in 2020.
- 58% of Americans spent more time using home tech in 2020.
- Only 11% of Americans said they spent less time using technology in 2020.
The majority of home tech spending came from those who work from home.