13% to Spend More on Media, Entertainment in July: Cowen COVID-19 Survey

Spending intentions continued to trend upward, said a COVID-19 Cowen investor report Friday surveying 2,500 U.S. consumers June 25-30. Thirteen percent expect to spend more on media and at-home entertainment services during July. Ten percent expect to spend more on cable, phone or internet, and 9% said they will spend more on electronics. Of those expecting their income to decrease over the next three months, 14% would cancel digital streaming subscriptions; 13% would cut back on cable services; 8% would switch to a cheaper phone plan.