Funny thing is..
When I purchased new iMac 2 weeks ago, Catalina was already installed as factory condition and my computer was working extremely fast, even with multiple programs open.
Then, after 2-3 days, I get an update notification to Catalina from Apple. I thought "why"?? update again to Catalina when my computer is already updated to Catalina. I thought this was little odd. I thought Apple might have added new features to this another Catalina update, so I updated it. Then, MY ALL OF MY DEVICES (MacBook Pro, iPad Pro, iMac, Older iPad, Including Samsung Galaxy Tab) SLOWED DOWN EXTREMELY. I was like "Whoa!! what is going on!!!" I have been using MacBook Pro for a year and I open multiple programs at once and it never ever slowed down!!! I am definitely sure Apple sends a bug along with this update so that memory card or battery slows down greatly. This was their strategy with iPhones in previous years and Apple got sued and had to pay fines. For iMac, I am only using internet and no other programs open and it slowed down right after installing this new update !!! This is definitely a bug !!!