TURBULENCE OF COVID-19 PANDEMIC ON SPENDING AND SAVINGS OF PRIVATE COLLEGE TEACHERS IN INDIA

Spending and savings of private college teachers has primarily been influenced by the spread
of Covid-19 pandemic. The study has been initiated to check the socio-demographic profile of
private college teachers and impact of Covid-19 on spending and savings of private college teachers
in India. The study has been commenced with 384 private college teachers and purposive sampling is
used to identify samples. Questionnaire is used for collection of primary data from the private
college teachers. Descriptive research design is adopted. The study employed simple percentage
analysis, descriptive statistics, chi-square test, factor analysis and regression coefficient to test the
impact of Covid-19 on spending and savings of private college teachers. Results found that Covid-19
had stringent impact on spending and savings of private college teachers. It can be confirmed that
Covid-19 pandemic had considerable negative impact on spending and savings of private college
teachers. Further, the presence of Covid-19 pandemic created much awareness among the private
college teachers towards reduction of spending and increase of savings.