Why is Engel's coefficient a bit high in 2020?

Due to the impact of the COVID-19 epidemic, the Engel coefficient will be slightly higher in 2020, and the expenses related to travel and social interaction will be reduced. 202 1,1in may, PRCBroker analyzed the reasons for the significant increase of Engel's coefficient in 2020, mainly due to the impact of the COVID-19 epidemic, and the expenses related to travel and social interaction decreased. ? Therefore, due to the impact of the COVID-19 epidemic, the Engel coefficient will be slightly higher in 2020, and the expenses related to travel and social interaction will be reduced.

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