COVID-19 Super Savers Need to Carefully Navigate in a Post-Pandemic World
A little over a year ago, COVID-19 hit the United States, altering the fabric of our daily lives and turning the average American’s personal finances upside down. Within weeks, 52% of all households slashed their spending. From all the upheaval and radical change emerged a new generation of risk-averse, financially conservative people: Meet the super savers.
After COVID reached the United States, we saw a pronounced jump nationwide in the personal savings rate — the amount of people’s disposable income that gets saved or invested. For the last two decades that savings rate sat at just under 10%. In April
