Despite COVID-19 lockdown led to many suffering from financial crises, from job uncertainty to down-sizing, it has also seen some interesting benefits for some who managed to save and pay off debts due to lockdown. Brits have allegedly paid off £7.4 billion in credit card and other consumer debts during the first lockdown. New figures from Bank of England show that £18.5 billion was put into saving accounts in January, four times as much as the same month in previous years.
One cannot help but wonder whether something similar happened in Malta. Some might have managed to take a look at their finances and spend more responsibly or restrained themselves from useless spending. With the COVID-19 pandemic affecting every aspect of our lives, from lockdowns to quarantine, it is interesting to consider whether some people experienced something similar in Malta.
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