The Saving Rate Is Still High: Evidence On The Post-Pandemic Economy
August 01, 2021 at 16:14 PM EDT
An important part of the GDP report is that the saving rate is still above the pre-pandemic level. For Q2, the saving rate was 10.9%. If we look at the month of June alone, the rate was still 9.4%. This compares to an average saving rate of 7.5%.