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USAFacts
USAFacts
National

Americans aren't saving as much as they used to

America United States Pandemic Social Security

The personal saving rate reflects how much money American households put away after expenses and taxes. This surplus can be stored in a checking or savings account, an individual retirement account, or an employer-sponsored 401(k) account, to name a few. However, the personal savings rate does not reflect gains on existing assets.

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