Americans’ Sky-high Savings to Make Spring Market Even Hotter
Many American households are feeling richer, sitting on the nest egg they’ve built during the pandemic. Personal savings increased to a 21% annual rate in the first quarter of this year, reaching the second-highest level on record, according to the Bureau of Economic Analysis. Those savings may be released into the economy in new spending this spring and summer, which will bode well for the already surging housing market. Click to read more.