Natasha on Nostr: Saving now is only to provide a cushion later given interest on short term savings ...

Saving now is only to provide a cushion later given interest on short term savings remains low. I suspect people are just putting back the money they have had to spend on essentials the last year or two as food and energy prices have spiralled. And to buy anything large eg new car, kitchen equipment, etc still requires more than most people can afford. Those little savings might just about get a trip to the cinema or a meal out, or some nice food from the shop.