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The figure below shows the monthly change in household savings from January 2020 to October 2020. For perspective on what a shift this is, consider

The figure below shows the monthly change in household savings from January 2020 to October 2020. For perspective on what a shift this is, consider that in January 2020, before the COVID-19 pandemic, households added $73 billion to savings. By April 2020, households added $4.3 trillion

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