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Americans’ personal savings have fallen off a cliff. Brace yourself for just how much they have declined.

Por: MarketWatch Politics October 25, 2022

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Economists have been warning of a recession as the Federal Reserve continues to increase interest rates in an attempt to cool 40-year-high inflation. During the early days of the pandemic, several government programs, including enhanced child tax credit payments, unemployment benefits and generous stimulus checks, helped boost personal savings. With the end of those programs, savings have plummeted. In fact, the — meaning personal saving as a... + full article



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