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Americans Have Burned Through Their Pandemic Savings
Americans Have Burned Through Their Pandemic Savings For the past three years, as the United States – like many other nations – battled with elevated inflation, consumer spending has remained remarkably robust, keeping the U.S. economy from sliding into a recession. However, as Statista's Felix Richter reports, that has come at the expense of personal saving, which dropped sharply in 2022, when the personal saving rate, i.e. the share of their disposable income that people wer
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