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S E30: Consumption and Saving - Spend Now or Save to Spend Later

Think Like An Economist

CHAPTER

Saving and Consumption During a Pandemic

When people feel pessimistic, they save more as the future looks bleak. We were planning on buying a new car back at the start of 20 20 but then we had no idea how the pandamic would impact our income so we held off. The obvious one is eating out. Yet i noticed that when i was doing my taxes recently, and it was actually really shocking seeing just how much money i'd saved by not eating out since march. It makes sense, naz eating out during a pandemics less desirable, if it's even possible. So it's better to save that money to eat out in the future instead,. Once the world's more open and back to normal, and eating

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