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Consumer behavior will forever be changed by shelter-in-place

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CNBC’s Jim Cramer on Thursday said the stay-at-home economy will be brief, but its effect on society will be eternal.

“The shelter-in-place economy is temporary,” he said on “Mad Money.” “But, at the same time, I’m betting this period will have a lasting impact on consumer behavior.”

The impact can be felt in the way people experience shopping and fun, even as each state has begun efforts to restart their respective economies after two months of economic turmoil caused by the coronavirus pandemic, Cramer said..

“Just remember, even as we reopen for business, the new normal is not the old normal,” Cramer said.

The gaming industry is one industry that will be lifted by the health crisis. With…



Source cnbc.com

US weekly jobless claims total 2.4 million

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