Vaccine Could Unlock Trillions In Spending, Leading To ‘Biden Boom’

A woman sits in a theater in Irvine, Calif., waiting for a movie to start, on Sept. 8. A COVID-19 vaccine could unleash pent-up spending from households that have mostly avoided activities like going to the gym during the coronavirus pandemic.

Jae C. Hong / AP

What Brandon Fritze misses most this year is belting out Coldplay’s “Yellow” at karaoke sessions with his friends.

“I was a big karaoke guy,” said Fritze. “I’d be going to the karaoke bar pretty much every night. But since the pandemic started, the bar’s been shut down and that wasn’t an option. I don’t think I’ve sung in eight months now.”

Fritze, an Indianapolis accountant, is among millions of Americans who have squirreled away their money in savings this year as the coronavirus pandemic has put an end to many activities — like going to the gym, restaurants or bars — that were common before the pandemic.