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In response to the coronavirus pandemic, the U.S. personal savings rate (personal saving as a percentage of disposable personal income) hit a historic 33% in

In response to the coronavirus pandemic, the U.S. personal savings rate (personal saving as a percentage of disposable personal income) hit a historic 33% in April 2020.

Data Source: theU.S. Bureau of Economic Analysis (BEA)Links to an external site.

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What were the impacts of a rising savings on the U.S. pandemic-hit economy?

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