Saved Stimulus Checks Expected to Help Spur Economic Recovery

Wall Street Journal, Jan. 26, 2021–Harriet Torry (subscription)
Americans saved $1.4 trillion in the first three quarters of 2020, or about twice as much as in the same period of the prior year, according to analysis by Berenberg Economics. That amount is equivalent to nearly 10% of 2019 household spending, estimates Berenberg’s chief economist, Holger Schmieding.