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You're correct - it includes all saving -- households, businesses and government - net private saving which is households + businesses has been strong: https:/
by mikeyouse 3y ago
You're correct - it includes all saving -- households, businesses and government - net private saving which is households + businesses has been strong:
https://fred.stlouisfed.org/series/W202RC1Q027SBEA https://fred.stlouisfed.org/series/W202RC1Q027SBEA
But Government saving is obviously in a pretty big deficit: https://fred.stlouisfed.org/series/TGDEF https://fred.stlouisfed.org/series/TGDEF
- probablynish 3y agoThanks, that makes sense. I wonder to what extent the two rates are directly linked - household savings coming from direct govt transfers like covid stimulus checks and student debt forgiveness.