Salaried reassess money goals as covid-19 widens liquidity gap
- If given a pink slip, 71% of salaried individuals can’t manage expenses beyond six months, shows ArthaYantra data
- Covid-19 has highlighted the importance of preparing for the worst, so reduce expenses and stick to a budget
There are no two ways about it—the covid-19 pandemic has left most Indian households in distress. Six months after the nationwide lockdown was implemented to curb the spread of the virus, households are reeling under the consequences of the economy slowing by way of layoffs, pay cuts or salary deferment. But the pandemic has pushed individuals with a long-term financial plan to either eliminate or re-evaluate some of their money goals.
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