Business

Americans tap pandemic savings to deal with inflation

Americans are starting to plunge into the huge savings they accumulated during the first two years of the pandemic.

According to Moody’s Analytics, from the start of the pandemic to the end of 2021, US households have accumulated an additional $2.7 trillion in savings. The Covid-19 lockdown left people at home with no money to spend, and three stimulus payments boosted their incomes.

https://www.wsj.com/articles/americans-tap-pandemic-savings-to-cope-with-inflation-11657013400?mod=rss_markets_main Americans tap pandemic savings to deal with inflation

Luke Plunkett

TheHiu.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@thehiu.com. The content will be deleted within 24 hours.

Related Articles

Back to top button