Many households have built up a stash of savings during the coronavirus lockdowns of the past three months - and how they view them may dictate the speed of recovery from the pandemic.
Although the shock has caused spikes in unemployment, most households spent lockdown periods either working from home, furloughed or on direct government income support. And with few goods or services available to buy, their savings have soared.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you