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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (461608)	12/19/2020 4:02:28 PM
From: Wharf Rat	Respond to of 541648

"for those people who haven't lost their job" The Pandemic Has Resulted in Record U.S. Savings Rates, but Only for Some As local economies shut down and the service industry flounders, Americans are saving a greater percentage of their money than ever before, according to new data. But the high overall U.S. saving rate is hiding a deep inequality. While many are cutting back on their spending and hoarding cash like never before, poorer Americans are still spending nearly as much of their money as before the pandemic. time.com

To: Steve Lokness who wrote (461608)	12/19/2020 4:52:58 PM
From: JohnM	1 Recommendation Recommended By koan Read Replies (1) \| Respond to of 541648

Sorry, Steve, but the Cares Act was classic Keynesian economic theory to get more money into the economic to bring it back. The failure to add another layer is both a human and an economic disaster.