One last point he makes is the personal savings rate soared during lockdowns, as key costs like childcare and commuting vanished. “When the world reopened, the costs returned, but now inflated by 20%. The rage we feel today is the hangover from that brief moment where the American Option was momentarily back in the money,” he says.
So people were actually better off during the pandemic. smh
Right, it’s also important to remember that for many folk they still had to go into work everyday, they tend not to be the people that have time to blog and wax nostalgic on the glory days of the pandemic. (Not directed at you or the parent, just a comment)
So people were actually better off during the pandemic. smh
You have to remember that a lot of people weren’t working or getting paid either, so even though their expenses went down many were still struggling.
Right, it’s also important to remember that for many folk they still had to go into work everyday, they tend not to be the people that have time to blog and wax nostalgic on the glory days of the pandemic. (Not directed at you or the parent, just a comment)