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10th May 2022 00:20U.S., Daily Monitor

 The falling saving rate has allowed people to spend more as real incomes have declined...

...Usually, that would be unsustainable, but house- holds have trillions of dollars of pandemic savings.

The NFIB index of small business sentiment likely fell again in April, but the details are more important.

after-tax income business sentiment capex credit gas prices gasoline labor labor market May nfib index pce q4 real consumption real incomes recession savings September unemployment wages

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Keywords for: Don't Fret Over Falling Savings, People have Trillions in Excess Cash

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