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News Link • Economy - Economics USA

US Economy Set To Overheat As Households Are Flooded With $2 Trillion In Excess Savings

• by Tyler Durden

...(as the economy was largely shut down especially for spending on services), resulting in what we showed in May was an explosion in the annualized amount of Personal Savings, which soared by a mindblowing $4 trillion in May, rising from $2.1 trillion to $6.1 trillion...

... and accounting for a record 33% of disposable personal income!