Are Vaccinated Americans Powering the Economy? Not Yet, Data Show

Vaccinated Americans are increasingly going out this spring—but not as much as their unvaccinated counterparts.

Vaccinated consumers were less likely to go out to restaurants, salons and entertainment venues than those who don’t plan to get the vaccine, April spending and survey data from market-research firm Cardify.ai show.

The vaccinated are “proceeding with cautious optimism,” said Derrick Fung, chief executive of Cardify. “They’re still not really comfortable doing live entertainment where there’s crowds of people.”

People who aren’t vaccinated, on the other hand, tend to be more risk tolerant and are already living a relatively normal life, Mr. Fung added. “As places open up, they’re the ones leading the charge.”

Spending at entertainment venues was up 20% among consumers who don’t plan to get the vaccine in April compared with January 2020. It was up just 10% among vaccinated people during that same period, according to Cardify.

Read the full story on the Wall Street Journal here.