You can easily see the massive increase in savings in data from the Fed (for the U.S., at least): https://fred.stlouisfed.org/graph/?g=ysLo https://fred.stloui

You can easily see the massive increase in savings in data from the Fed (for the U.S., at least): https://fred.stlouisfed.org/graph/?g=ysLo https://fred.stlouisfed.org/graph/?g=ysLo Typical growth in household checkable deposits/currency/savings deposits was around $500 billion/year during the mid-2010's. last year it was... $2.6 trillion