SYDNEY (CU)_Some may say that the only silver lining amid the COVID-19 pandemic is increased savings, as more people are confined to their homes, working remotely, their social life forced onto the back burner. There was an immediate cut down of after-work drinks, dinners and cultural outings and impulse purchasing as clothing stores, restaurants and pubs are forced to shut down. On the other hand, the global health crisis also underscored the need to set funds aside for an emergency situation.
This pandemic savings binge was particularly evident among…