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by laidoffamazon
777 days ago
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How is the personal savings rate a good indicator? It went up during the great recession and spiked during the last recession in 2020. If anything high savings is a counter-indicator. Not to mention that we are seeing a generational shift in the labor market right now - the baby boomer part of the population pyramid is finally deciding to retire and is probably not going to save as much as they were when they were building their nest egg. |
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