Business
The pandemic purse: services suffer while Australians spend up on home-cooking and liquor – The Guardian
Over all Australians are spending less money, but analysts say the post-Covid states show this could quickly change
Australians are splurging on electronics, home cooking and perhaps unsurprisingly, liquor, during the coronavirus pandemic.
With overseas holidays, opportunities to go out, and the daily costs of the office commute all gone, people are using their new-found discretionary cash on a raft of items.
And after years of mounting household debts, savings have now risen to their highest level since 1974, despite the economic downturn, as everyone spends less overall.
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