Business
COVID-19 hit many Australians hard, but there were winners in the pandemic economy – ABC News
Mickayla Downey and Matthew Hardiman saw an unexpected boost to their savings during the COVID pandemic, enabling them to buy their own home — and they are not…
In June of last year, Mickayla Downey and Matthew Hardiman had a plan: move in with the parents, save on rent and build a deposit for their first home.
Then two COVID-19 lockdowns hit Melbourne and something unexpected happened: their savings grew much faster than anticipated.
Key points:
- Many Australians have seen an unexpected boost to their household bottom lines during the COVID pandemic
- The household savings rate the measure of household disposable income saved every month has reached its…
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