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Consumers Saved $2.9 Trillion During the Pandemic

March 3, 2021 · 9:15 am ET · Leave a Comment

“Consumers in the world’s largest economies amassed $2.9 trillion in extra savings during Covid-related lockdowns, a vast cash hoard that creates the potential for a powerful recovery from the pandemic recession,” Bloomberg reports.

“Half that total — $1.5 trillion and growing — is in the U.S. alone.”

Economy

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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Chicago-style politics

“Chicago-style politics” is a phrase used to characterize a supposedly offensive tough, “take-no-prisoners” or “hardball” approach to politics.

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