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Households Burn Through What’s Left of Their Pandemic Savings
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The cushion of savings many built up during the pandemic is thinning out. In some households, it is already gone.
Americans have spent down about 35% of the extra savings they accumulated during the pandemic as of mid-January, according to an estimate from Goldman Sachs . By the end of the year, the company forecasts that they will have exhausted roughly 65% of that money.
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