Join the Cleveland Scene Press Club. Because No News is Bad News.

Tuesday, July 7, 2020

New Credit Card Study Links Covid Infection Spikes to In-Person Restaurant Dining

Posted By on Tue, Jul 7, 2020 at 1:36 PM

click to enlarge SCENE ARCHIVES
  • Scene Archives

If you've been feeling a little too nervous to eat inside a restaurant of late because of concerns over coronavirus, you just might be on to something, at least according to a recent study conducted by investment bank J.P. Morgan Chase.

CNBC recently reported on a study conducted by J.P. Morgan, where in-house analysts cross-referenced the spending of 30 million Chase credit card users with John Hopkins University data on coronavirus cases around the country and saw an apparent connection between an uptick in spending in restaurants and rising COVID-19 cases.

"Looking across categories of card spending, we find that the level of spending in restaurants three weeks ago was the strongest predictor of the rise in new virus cases over the subsequent three weeks," wrote JP Morgan analyst Jesse Edgerton.

The authors of the study were quick to point out that there were myriad factors contributing to the exponential rise of coronavirus cases all over the country the last three weeks, but the rise of in-person credit card transactions in restaurants (as opposed to online purchases) was “particularly predictive.”

Cases in Ohio, Florida, Texas and other states have escalated in recent weeks.

Tags: , ,

We welcome readers to submit letters regarding articles and content in Cleveland Scene. Letters should be a minimum of 150 words, refer to content that has appeared on Cleveland Scene, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at

Cleveland Scene works for you, and your support is essential.

Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of Cleveland and beyond.

Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.

Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep Cleveland's true free press free.

Read the Digital Print Issue

September 9, 2020

View more issues


Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.


© 2020 Cleveland Scene: 737 Bolivar Rd., Suite 4100, Cleveland, OH 44115, (216) 241-7550
Logos and trademarks on this site are property of their respective owners.

Website powered by Foundation