June 30, 2021 – Early evidence, leveraging the Visa U.S. Spending Momentum Index (SMI),¹ shows vaccination programs can unleash spending booms, even well before herd-immunity has been reached. Each shot helps clear the path for spending to accelerate, especially among consumers who until recently have remained sheltered.
Expanding beyond the U.S. experience, the potential for consumers worldwide to join the recovery presents a key opportunity. More than one billion people in the world, or one in eight, will soon have received at least one coronavirus vaccine dose at the current pace of inoculation.² Countries with higher vaccination rates have seen a swifter return of consumers to more social forms of consumption, such as restaurants.