The COVID-19 pandemic has wreaked havoc on the global economy. What are people doing in response?
In episode four of 3Qs at the U, Samantha Yammine – a University of Toronto alumna, neuroscientist and science communicator better known as Science Sam on social media – speaks with Lisa Kramer, a professor of finance at U of T Mississauga about the impact of the pandemic on personal finances.
“Many people are suffering reduced income … and this is obviously leading to tighter finances, so we’re having to figure ways to be creative with the reduced budgets that we have,” Kramer says.
“Government at all levels have pulled all the levers at their disposal to help us get through this,” she says. “There will be another side. We’re seeing lots of great measures to help us get through this.”
3Qs at the U is a weekly video series in which Yammine asks a U of T researcher three questions on a timely topic. It’s produced by U of T Scarborough interactive digital producer Cory Lawrence.