What Corona Virus has Taught Me About Money | Fake Economy, Spending habits, Unemployment Dependency

With the economy literally coming to a halt, many things that were once swept under the rug and now being brought to light. In this video I discuss things I have learned during this Coronavirus related to our economy, stimulus checks, unemployment, spending and saving habits and make. The savings rate actually jumped and while that sounds great on the surface, it is really because of a mix between people being forced to save and others taking their stimulus money or other forms of stimulus and putting it away in preparation for the economic downturn that is basically inevitable at this point. The moment the economy opened back up, spending spiked which shows that poor spending habits haven’t subsided and people are thinking things will get back to “normal.” From what I’ve seen we still have a long way to go before we see a life without masks and even longer before we see true economic stability and growth. What have you all learned during quarantine (money related or not) drop it in the comments below! Instagram: @thecashcompass Business e-mail: thecashcompass@gmail.com My Youtube Set up: www.amazon.com/shop/thecashcompass *Please be sure to do your own due diligence before making ANY financial decisions. On my channel I share with you my research but please verify everything for yourself! I do not give investment advice, just share my thoughts any my choices!* *Some of the links on this page are affiliate links, meaning, I may earn a commission if you click through and make a purchase, at absolutely no cost to you. Affiliate commissions help keep my channel going so thanks for your support!*