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Where Did Americans’ Savings Go?
11:57
YouTubeCNBC
Where Did Americans’ Savings Go?
The trillions in excess personal savings built up in the pandemic are beginning to vanish amid high inflation, according to Federal Reserve economists. The monthly saving rate fell to a 15-year low in 2022. It started a recovery in 2023, but remains well below long-term trends. Despite this slowdown in saving, consumer spending has remained ...
1.5M viewsApr 27, 2023
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