On Election Eve, Here's The Economic Outlook
Published Friday, October 30, 2020, 8:00 p.m. EST
U.S households in September were still saving at twice the "normal" rate pre-pandemic, according to an analysis of data released today by the U.S. Bureau of Economic Analysis.
The 14.1% reading in September was down from the history-making 33.6% savings-rate spike in April, which was fueled by federal coronavirus emergency aid payments enacted under the CARES Act.
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