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St Louis Federal Reserve: https://fred.stlouisfed.org/series/PSAVERT https://fred.stlouisfed.org/series/PSAVERT Keep in mind this is savings economy wide divid
by mrfredward 6y ago
St Louis Federal Reserve: https://fred.stlouisfed.org/series/PSAVERT https://fred.stlouisfed.org/series/PSAVERT
Keep in mind this is savings economy wide divided by personal income economy wide, so people with big numbers (high earners) disproportionately affect it.
- whimsicalism 6y agoThis has to do with the stimulus checks.
- snoshy 6y agoBut also because households have lower expenses due to not being able to engage with the service industry, travel, shopping, and leisure expenditures. People are simply spending less because they're stuck at home.