I'm seeing more and more people on social media (not financial sites) post about how much more money they have in their accounts due to the self-quarantining. I have no doubt that after this is all over, most folks will go right back to their old habits. But I'm starting to wonder if there will be at least a small group for whom this really serves as a wake up call. They'll finally realize how much they've been blowing eating out, buying coffee on the way to work each morning, going out for drinks after work, doing "recreational" shopping on the weekend, and just generally spending money for no good reason.
The longer this "new normal" persists, the greater the likelihood of it sticking to some extent. Again, not for everyone, but very possibly for some.
Do you think that's true or am I being overly optimistic?
The longer this "new normal" persists, the greater the likelihood of it sticking to some extent. Again, not for everyone, but very possibly for some.
Do you think that's true or am I being overly optimistic?
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