June 30, 2022


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How We’re Saving Money During the Pandemic – Duke Today

<p class="story-physique-textual content material">When Lori Levy appears again On the previous yr, .......

When Lori Levy appears again On the previous yr, she’s painfully Aware of what she’s missed out on As a Outcome of of pandemic. Her son didn’t have an in-particular person Highschool commencement, And she or he’s gone almost two yrs with out seeing her daughter, who lives in California. 

However there have been small silver linings: she’s saved money on gasoline, campus parking and fewer restaurant meals. With the financial savings, she assisted buy her son a automotive For school and is planning A go to to California later this yr.

“It’s simply good to know That you merely’ve acquired That money Everytime You’d like it,” said Levy, a nurse educator Inside the Medical Education and Expert Enchancment Division.

All by way of the pandemic, most Duke staff have seen their spending habits altered, Ensuing in alternatives To economize.

Revery Your Savings Goals

From retirement financial savings To assist with price rangeing, Constancy planners can reply your questions. Study extra about digital ‘Ask Constancy’ durations for assets To Carry on monitor To fulfill your monetary goals.

Duke’s Constancy Internet website

Based mostly on the Federal Reserve Financial institution of St. Louis, People’ particular personal saving price – The share of disposable income that’s saved – went from 8.3 % in February of 2020 to 33.7 % in April of 2020. In January of 2021, it reprimaryed extreme at 20.5 %.

“On one hand, We now have murky waters forward, but Neverthemuch less, People are discovering themselves with further money,” said Benjamen Parker, a retirement planner with Constancy, …….

Source: https://today.duke.edu/2021/05/how-we%E2%80%99re-saving-money-during-pandemic