DQ 4 - Consumption versus Savings. The savings rate in the United States had been low during the last couple decades, however when the COVID-19 pandemic hit it rose to record levels. Begin by reading the article below. Article: https://www.usatoday.com/story/money/2020/08/10/saving-and-spending-americans-spend-their-record-savings-crisis/3319970001/

(Links to an external site.)

. Create a post answering some or all of the following questions. (Your post should be between 200-300 words.)

• • Has your spending changed since the COVID-19 shut-down? If so, how has it changed? Are you worried about your economic future and how is this fear impacting your spending plans today? If the pandemic has not caused a change in your consumption, why do you think your reaction is so different from others? What impact will this change in savings have on our Chapter 10 and 11 models?