During the nationwide lockdown in March and April 2020, household spending statistically changed! Because we couldn’t spend, there was an increase of savings, and in turn, people were able to pay off consumer debts! Kayne zooms with Money Empire Senior Adviser Goran Loncar to talk about the change in spending habits and how it resulted in $1.3b worth of consumer debt being repaid. Imagine the result if we maintained some of those reduced spending habits!
From the economy taking shifts, to the homeowners never wanting to move, to families wanting to upgrade… It’s easy for everyone to talk about the ever-changing house prices, but… What about renters? What about first home buyers? WTF does it mean?!