Richard Chew
C
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V
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As we’re hot and heavy in July, hopefully everyone is super safe and healthy, but most importantly I hope you are re-charting your lifestyle while dealing with COVID 19.
Over the past 90-120 days, because of COVID, many people realized handling your overall finances has been more challenging. However, my research turned up some interesting nuggets that I would like to share.
Surprisingly, the data over the past few weeks shows that more Americans are actually saving more money than prior to the financial impact COVID-19 started to have on employment and our overall economy.
What does that mean? Americans are saving more and spending less. Why? Well there are some obvious reasons and factors. The data shows fewer of us are going out to breakfast, lunch and dinner, and dining out has historically been one of the top 3 areas for our weekly and monthly expenses.