More than half of global consumers didn't save during pandemic: Survey

Just 13% used them to fund holidays and social events since restrictions lifted, and 19% used the money for home improvements or moving house

Coronavirus, covid
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The research in 18 nations by YouGov Plc, shared exclusively with Bloomberg News. punctures the idea that households have a cushion against a deepening cost of living crisis.

David Goodman | Bloomberg
More than half of consumers in major economies didn’t build up their savings during the pandemic, a survey shows.
 
The research in 18 nations by YouGov Plc, shared exclusively with Bloomberg News. punctures the idea that households have a cushion against a deepening cost of living crisis.

YouGov said 51% of respondents failed to add to their savings during the pandemic. The rate was lowest for Germany, at 39%, while Italy’s figure was just 40%. The US, UK and Canada also saw results below 50%.

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First Published: Jun 20 2022 | 3:22 PM IST

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