AN ANALYTICAL STUDY ON SAVING AND SPENDING BEHAVIOUR OF PEOPLE DURING COVID-19

Dr. Jitendrasinh Jamadar; Dr. Kunal Gaikwad

doi:10.17605/OSF.IO/JH2XT

Authors

Dr. Jitendrasinh Jamadar MGM Institute of Management and Research, Aurangabad
Dr. Kunal Gaikwad MGM Institute of Management and Research, Aurangabad

DOI:

https://doi.org/10.17605/OSF.IO/JH2XT

Keywords:

Pandemic, Impacted, Effected, Behaviour, Savings, Spending

Abstract

COVID-19 has impacted the life of people.It has made movement standstill. Spending and saving Behaviour of people has been also been effected to grate extent. This study is conducted to know about behaviour pattern of people regarding spending and saving during the global pandemic of covid-19.There are many aspects that can make customers spending and saving behaviour differ. The factor of age does not affect the costumers behaviour of spending and savings, this statement is proved through the Chi Square Test applied on the factors i.e. age of the customers and their average monthly spending and savings. It is also proved by conducting the Chi Square Test, that spending and savings behaviour of people before and during the lockdown have no impact on each other. People’s decision of spending and savings can differ due to the situation that they may face. In this situation maximum percent of the population have experienced and reduction in spending and increase in their savings.

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