The Overshoot

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Inside America's household savings boom

theovershoot.co

Inside America's household savings boom

Where it went, and what might happen next.

Matthew C. Klein
Jul 12, 2021
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Inside America's household savings boom

theovershoot.co

The pandemic has been an unexpected windfall for U.S. household balance sheets, with the average American more flush than ever before. But while the “excess savings” and debt paydowns since February 2020 should support a sustained spending boom in the years ahead, the headline numbers likely overstate the size of the potential impulse.

U.S. households ha…

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