People Want to Start Spending Again and Inflation Is Ruining It

The unending pandemic has millions of people feeling like their lives are on hold. Many of them feel their financial growth is on hold, too.

Americans began hoarding money in the early days of Covid-19. They were worried about their health, their jobs and the prospect of a deep recession that never really came. As the pandemic dragged on, some kept their accounts in a protective crouch and amassed record savings levels, while others started spending.

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