Covid19: Are households’ savings affected during pandemic? Evidence from the CESEE region

The current study joins a rapidly growing body of research that investigates how the pandemic‐induced state of vulnerability impacts consumers’ household savings. Today, COVID-19 has changed the lifestyle of individuals and their propensity to save money for the future.Money saving strategy is highly required in order to manage the unexpected expenses and the higher uncertainty that characterizes the after pandemic scenario. Savings dynamics are expected to be different country-by-country due to the unique features that may characterize citizens on the basis of the relevant historical trends and their financial habits.The current research paper analyses the CESEE countries and evaluates the change in the saving rate in order to find out the differences among them.The current research investigatesCESEE countries saving rates with respect to the long-term average and the expectations for the after crisis period. Results show some interesting factual differences among the CESEE countries saving rates that may matter for the policymakers in order to determine the best solution to reduce the negative effects/after effects of the COVID-19 pandemic