KSL TV
SALT LAKE CITY – The tough economy of the past year turned many Americans into saving machines. Now that the pandemic seems to be easing its grip, more consumers are ready to spend, and that has financial experts concerned.
You can see it at the airport, stores, restaurants and various other businesses. Traffic is picking up. In fact, one in five Utah small businesses surveyed in April 2021 in the U.S. Census Bureau s Small Business Pulse Survey said business is already back to normal. Folks are starting to spend money on those things that they pulled back on in the last year, said Ismat Mangla, content director for MagnifyMoney.