The Other Side Of The Savings Coin 2

Savings and expenditure aren't the only factors, income is too. It's a trinity, not a coin

The first group will be the ones with the highest degree of pent up demand, simply because they were never in a position of financial difficulty during the pandemic in the first place. For people in this category, pandemic lockdowns were a literal block on their ability to spend, at least with regards to dining in restaurants, going to bars, and living a social life outside of their homes. Naturally, when full reopening occurs, these folks will be out spending with a vengeance.

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