Tag: household spending
Introduction The question is how the COVID-19 pandemic affected the finances of the vulnerable households, as well as those with more resources. On one hand, the shutdown of the economy resulted in salary cuts and job losses. On the other hand, many households received substantial government relief – through stimulus payments and unemployment benefits –…
Abstract This study explores how the COVID-19 pandemic affected the finances of vulnerable households, as well as those with more resources. On one hand, the shutdown of the economy resulted in salary cuts and job losses that put pressure on many households, leaving them even less prepared for small expenditure shocks. On the other hand,…
