Tag: Finance Articles
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The Decline of Pandemic-Era Savings: What it Means Now!
The COVID-19 pandemic brought significant changes to the U.S. economy, with one of the most striking being the surge in household savings. Between government stimulus checks, reduced opportunities to spend, and lower borrowing costs, Americans collectively accumulated $2.1 trillion in excess savings by August 2021. However, this financial cushion has evaporated faster than anticipated. As…