And if it’s the latter, lawmakers should be prepared to finance those expenditures by raising revenues from companies and their investors, whose incomes and consumer spending won’t be significantly affected by new taxes.īecause a dollar saved is a dollar unspent, any sudden, enormous jump in personal savings would normally devastate consumer spending and economic growth. To avoid an anemic recovery like the one that set the stage for Donald Trump’s election in 2016, either personal-saving rates should come down or Congress should approve a lot of additional federal spending to make up for the shortfall. With large unemployment benefits and waves of free cash now starting to recede in the country’s rearview mirror, the continuation of that high level of personal savings threaten a strong expansion into 20.Īnnie Lowrey: Workers should have the power to say ‘no’ The personal-saving rate remains high: 14.9 percent in April and 12.4 percent in May. From March 2020 to April 2021, the personal saving rate averaged 18.7 percent-the highest rate for so long a period since World War II.Īs the pandemic recedes, the economy faces a serious new challenge. From April through June last year, Americans put away an astonishing 25.8 percent of their disposable income, compared with 7.3 percent over the same months in 2019. Facing a real possibility that COVID-19 and the resulting economic havoc might leave them unable to pay their mortgages and feed their families, moderate- and middle-income Americans began saving as much as they could-and are now socking away now perhaps too much to support a healthy expansion for the U.S. ![]() Getting the public to pay attention took a pandemic. When the sidekick appears, click on the Activate Cash Back button to earn cash back and the See Offers button to see available coupons.For two generations, economists and other custodians of financial propriety have chastised Americans for not saving enough. Just install The CouponCabin Sidekick and login so that we know where to credit the cash after your order. It's a friendly reminder of the coupons and cash that can be yours with just a click. ![]() Search for a specific product or store, and The CouponCabin Sidekick will appear in your search results, calling out the best deal. Shop online at your favorite stores, and The CouponCabin Sidekick will discretely notify you of available offers and cash back opportunities. ![]() Once you install the easy-to-use add-on, you'll receive real-time alerts when you visit an online store that offers coupons or cash back through CouponCabin. The CouponCabin Sidekick is a free add-on that gives you access to 's thousands of guaranteed-to-work coupons and cash back opportunities right in your browser.
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