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No time to save: Americans' rainy-day funds might be running out

Por: MarketWatch Politics October 28, 2022

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The low savings rate suggests that households would have very little financial cushion if the economy sinks into recession by next year as many economists predict. Households are saving only one-third of the amount of money they did before the pandemic. Until very recently, economists had assumed that a high level of savings could keep the U.S. out of recession. By some estimates households had an estimate $3 trillion to $4 trillion in extra... + full article



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