How will the COVID-19 crisis affect the trend in individual savings

ABSTRACT

COVID-19 outbreak has brought a global challenge in economy. It has affected badly on the financial sector all over the world. This study was conducted by collecting responses from the employed and student population from various parts of Kerala. Primary data have been collected from 200 responses through a structured questionnaire prepared using Google forms. Percentage analysis with frequency distribution is used to summarize and infer the data along with pie charts and column charts. Chi-square test have been used to analyse the data using Microsoft Excel sheet to test the developed hypothesis and derive conclusions. It is concluded that savings have played a significant role during this pandemic to sustain and also this pandemic encouraged others to start saving because of the experiences they had.