Economy of the Day
Economy of the Day
Out of context: Reply #3
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- monospaced1
In stark contrast, there is a huge group of Americans whose jobs remain secure, employers embraced flexibility, and can work from home.
U.S. savings rate hits record 33% as coronavirus causes Americans to stockpile cash, curb spending
https://www.cnbc.com/2020/05/29/…- I'm not stockpiling cash, there's just nothing to spend it on anymore.nb
- If American's save more will this actually help the economy?utopian
- I don't really know what the long term affect will be. Hard to say.monospaced
- I think the point I'm making is that while 25% of people are losing jobs, many more have all their money, and more.monospaced
- It's a stark contrast, the difference between the two groups. One will be able to spend like crazy when this is over.monospaced
- It's a good point monospaced. I think it all depends on how quickly we can return safely to normal life. Very difficult to judge right now.yuekit
- I predict that there will be a much larger divide between socioeconomic classes than ever before.monospaced