This Is the Most Troubling News in Years About Americans' Savings Accounts

This Is the Most Troubling News in Years About Americans' Savings Accounts

This wasn't surprising, given the fact that many common areas of spending (like travel and dining out) disappeared. The government was also providing stimulus checks, which helped people sock away more money in their savings accounts. Money in savings accounts has gone down, not just compared with the amount people were putting away in 2020, but also compared with the pre-COVID era.