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St Louis Federal Reserve: https://fred.stlouisfed.org/series/PSAVERT

Keep in mind this is savings economy wide divided by personal income economy wide, so people with big numbers (high earners) disproportionately affect it.

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This has to do with the stimulus checks.

But also because households have lower expenses due to not being able to engage with the service industry, travel, shopping, and leisure expenditures. People are simply spending less because they're stuck at home.

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