Covid-19 Savings Stockpile Could Accelerate Economy—if Consumers Spend It

Much of the trillions of dollars in global savings accumulated during the pandemic is held by richer, older people less likely to use it

The IRS sent roughly 90 million stimulus checks to Americans in March. WSJ’s chief economics commentator Greg Ip explains why stimulus checks alone are unlikely to spur inflation. Photo Illustration: Carlos Waters

Households in wealthy countries have amassed an unprecedented pile of savings to spend as parts of the global economy thaw after a year in suspended animation.

香蕉视频苹果下载But it isn’t clear whether consumers will seize that opportunity with enthusiasm. If they hold back, the recovery will be less rapid than it could be.

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