Saying "savings" is wrong, it's not what is reported. It's "saving". "Savings" implies the total sum people have saved. Saving can go down while savings is goin

Saying "savings" is wrong, it's not what is reported. It's "saving". "Savings" implies the total sum people have saved. Saving can go down while savings is going up. I could have started 2021 with 0, save $100 in 2021, $50 in 2022. Savings going up, saving going down. You can see the confusion caused below by mis-stating what was reported. https://fredblog.stlouisfed.org/2023/05/despite-high-inflation-households-havent-depleted-their-pandemic-related-savings/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog https://fredblog.stlouisfed.org/2023/05/despite-high-inflati...