It is likely that some people may have felt financially better off during the COVID-19 pandemic, while others may have experienced financial difficulties.
Factors that may have affected an individual's financial situation during the pandemic include:
Employment status: Some people may have lost their jobs or had their hours reduced due to the economic impact of the pandemic, while others may have been able to work remotely and maintain their income.
Industry: Certain industries, such as tech and e-commerce, may have thrived during the pandemic, while others, such as hospitality and travel, may have struggled.
Government support: Some individuals may have received financial support from government programs, such as unemployment benefits or stimulus payments.
Personal circumstances: An individual's personal financial situation, including their savings, investments, and debt, may have also played a role in how they were affected by the pandemic.
Overall, it is likely that the financial impact of the COVID-19 pandemic has been highly variable, with some people feeling financially better off and others experiencing financial difficulties.
The narrative was that they printed too much money and helped people too much, but that's not quite right...
During the COVID-19 pandemic, governments and central banks around the world have implemented various measures to support individuals and businesses affected by the economic impact of the pandemic. These measures have included providing financial assistance to individuals and businesses, as well as implementing monetary policy measures to support economic activity.
One such measure has been the use of so-called "quantitative easing," which refers to central banks purchasing securities, such as government bonds, from banks and other financial institutions in order to increase the supply of money and lower interest rates. This can help stimulate economic activity by making it easier for businesses to borrow money and for consumers to access credit.
While it is true that the use of quantitative easing can result in an increase in the money supply, it is important to note that this does not necessarily mean that people will automatically feel "richer" as a result. The effects of quantitative easing on an individual's financial situation can depend on a variety of factors, including their employment status, industry, and personal financial circumstances.
Have you been hearing the narrative around inflation lately?!
There has been some concern and speculation about the potential for higher inflation in the wake of the COVID-19 pandemic.
Inflation is the general increase in prices of goods and services over time and is typically measured by an index such as the Consumer Price Index (CPI). When inflation is high, the purchasing power of money decreases, meaning that the same amount of money buys fewer goods and services.
There are a variety of factors that can contribute to inflation, including the supply and demand for goods and services, changes in the cost of production, and monetary policy. Some people are concerned that the economic stimulus measures taken by governments and central banks during the COVID-19 pandemic, such as quantitative easing and increased government spending, could lead to higher inflation in the future.
It is important to note that predicting inflation is complex and can depend on a variety of factors. While there is some uncertainty about the potential for higher inflation in the future, it is ultimately difficult to predict with certainty what the future inflation rate will be.