Preference system for the choice of savings in a generation-specific approach of the financial culture before and after the coronavirus pandemic

Savings play an important role in the financing of the economy, as they are the source of credit in the classical four-sector model. Although modern financial innovations have opened up a wide space and brought new forms of credit financing, the physical savings of economic agents are still the key determinant of the system. Changes in living standards, inflation and interest rates have a significant impact on the level and motivation of savings. Nevertheless, household savings still play an important role in the financing structure of the macroeconomy. Crises have a significant impact on the ability and willingness of the population to save, as was the case during the downturn caused by the coronavirus epidemic. The aim of this paper is to examine the circumstances of savings formation before and in the aftermath of the epidemic in order to build a picture of the main influencing factors and their importance.