Pandemic Changed the Way Americans Spend Money

B2 – Upper Intermediate

The COVID-19 pandemic has had a great impact on every aspect of everyone’s life. A survey found the consequences of the pandemic on Americans’ personal finances.

Read the article and find out some of the key findings of this survey.

https://edition.cnn.com/2020/10/28/success/pandemic-spending-saving-changes-feseries/index.html

Discussion Questions:

  1. How do you think the pandemic impacted Spanish people’s finances in terms of their income, stimulus saving, homebuying, buying insurance, investing, and post-pandemic plans?
  2. How has the pandemic changed your financial behavior?
  3. How can one make up income loss?
  4. What is the best way to spend one’s stimulus check?
  5. What do you think will happen to how Spanish think about homebuying, travel insurance, and investing?
  6. What are some of your post-pandemic financial plans?
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2 replies on “Pandemic Changed the Way Americans Spend Money”

The pandemic impact has changed our lives and I might think that Spanish people will act as American people, I mean in terms os saving more money, canceling non essentials, and being prudent with any extra expenditure. As there has been lot of people affected by job regulation which salaries has been negatively impacted, many people have to prepare new finances solution; mainly reducing extra expenses other increasing the savings or the ones not affected may have donated money to help the ones badly affected.
For me it´s been a time to prepare new finances such as increase the savings and reduce any extra expenditure and probably will continue in the same line in spite of the current situation after the lockdown.
I do believe that in general people is afraid of buying homes or traveling so it´s a time of taking a breath and see the evolution after the pandemic lockdown.

Good job answering the questions. One way or another, we will have to live in the ‘new normal’.

Here is a correction in one of your expressions.

I do believe that in general people is afraid of buying homes or traveling so it´s a time of taking a breath and see the evolution after the pandemic lockdown.
> I do believe that in general, people are afraid to buy homes or travel so it´s time to take a deep breath and see how we would progress after the lockdown due to the pandemic.

Keep going.

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