This is good news that at least suggests the possibility that Americans could end up with permanently higher savings thanks to the government’s COVID relief program. . But why, exactly, do savings seem to have stayed stable?One factor, which JPMorgan highlights, is almost certainly the monthly Child Tax Credit payments the Biden administration included in the American Rescue Plan, and which the administration is hoping to renew for next year.
Here’s what I think might be going on. Americans paid off their big expenses or made splurge purchases after the last round of stimulus checks, and were still left with some extra savings above and beyond what they enjoyed before the pandemic. Since then, personal savings rates seem to have returned to their.
2 the Mourge, Life Matters.
Pandemic!!! need 2 pay 4 your Hoes light:
Dont Blame Mexico: Savings, where to start. American!
Another 911.
Terrorists, Rapists, & Working With Enemy.
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