While people in other countries such as Ireland and Germany started hoarding more and more cash as the pandemic unfolded, Swedes kept saving at the same rate as usual. https://t.co/PIROMWOpWq

@ReutersGraphics @Reuters These savings could hv been unintentional...mass deaths lockdowns less traveling and retricted lives gloomy society will not spend normally and the incoming stimuli checks could hv been causing the cash piling up...

@ReutersGraphics In Ireland’s case, Reuters, it’s because they aren’t allowed to go anywhere to spend it 🙄

@ReutersGraphics @Reuters Not sure if this yardstick really works that well in a pandemic. Certainly confidence may be low, but this measurement is moot given people don't have as many opportunities to spend money even if they wanted to.

@ReutersGraphics Could the closure of bars, restaurants and non-essential shops, together with drop in all travel have an impact on the rate of savings? Rather than just uncertainty?