Unforeseen Challenges: How Closed Institutions and Holiday Cancellations are Putting Families under Financial Stress Amid Pandemic

Shopping centers benefit from the closure of educational institutions

Due to the closure of educational institutions and holiday camps, many parents have had to unexpectedly take time off work to keep their children entertained. As a result, families are facing financial burdens and challenges in providing entertainment for their children.

According to the economic publication Calcalist, Israelis spent 688 million shekels on credit cards on Sunday from 8:00 to 14:00, which was an impressive 8.5% increase from the previous Sunday. Retail chains reported an increase in food purchases in the last 24 hours, with sales of drinking water seeing a remarkable 1000% increase. The surge in purchases came after the announcement of the Iranian attack on Israel by the IDF spokesperson. While demand has slightly dropped this morning, it still remains higher than usual.

An interview with a father of twins revealed that he had to take a day off work due to the sudden closure of educational institutions, costing him about 1,000 shekels. He had to take his children to a shopping center for entertainment, resulting in additional expenses on shopping and food.

As families navigate this new reality, they are having to adjust their budgets and schedules to accommodate the changes in their daily routines. With educational institutions closed and holiday camps cancelled, parents are having to come up with creative ways to keep their children entertained while also managing their finances effectively.

Overall, while unexpected events can disrupt our daily lives and cause financial burdens for families, it is essential for us to adapt and find solutions that work best for us in these challenging times.

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