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> As one of the people WFH with simply reduced expenses, all I ever hear on the news are about the people who have been adversely affected, other than obvious w
by d1zzy 6y ago
> As one of the people WFH with simply reduced expenses, all I ever hear on the news are about the people who have been adversely affected, other than obvious winners like Zoom. Of course, "average savings rate is up" may not even be newsworthy, but I had no idea until recently this was the case.
One thing I'd like to make it clear is that although I am one of the lucky ones to hold a job in this pandemic economy and work from home, I'm actually spending more now than before on monthly expenses (for food, for example).
Where major savings come from are from lack of travel expenses but I wouldn't consider not being able to spend money on travel as being a net positive, it's a tradeoff between unique life experience and some extra money, not really a great tradeoff for many people I imagine (and a tradeoff that would have been possible even before the pandemic, the pandemic just removed the choice now which is not great). And it's not like most people that can save some travel money now will invest it well, I would imagine most simply end up spending on stuff they wouldn't have bought otherwise (see the super high demand for latest PC hardware, high Amazon sales, etc).