What Do You Do With Your Money, When There’s A Pandemic?
How does money flow in a pandemic? What are people spending money on right now?
People are certainly buying food, whether they are making it themselves or getting takeout delivered. People are also buying new furniture and tools to create a home office, as many of us are now facing a new transition into remote work. We are also spending more money on streaming services, in-app purchases in mobile games, and some of us who are more daring are trying their hand at purchasing stocks.
Who’s to say that any one purchase, being made by anyone right now, is a smart or poor decision? No one has ever gone through something like this in their lifetimes. Perhaps saving is the best course of action right now, but a lot of us have never built the habit to save their money. Expected a new behavior to stick right now is hopeful at best.
Even if money falls from the sky, if we somehow hypothetically get $1,200 deposited directly into our bank accounts—I’m not sure what people would do with that money. Some of us will invest it, some of us will pay off debt, some will save and others will buy essential goods.
And some of us will waste on whatever it is we will judge as wasteful once all of this is over. Yet, maybe that new character in Brawl Stars helped someone cope with their stress. Who knows?
Image Credit: Unsplash