All the happiness money can buy in the winter of Covid-19
As the saying goes, money can’t buy happiness. That certainly seems to be true in 2020 — rates of depression and anxiety are up, even though many households have more cash on hand than usual. Savings rates in the U.S. spiked to a previously unfathomable 34% in April and sat at a still-high 14% in September. Savings in the U.K. have also hit record highs, with households saving 29% of their disposable income.