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Americans appear to be getting a little wiser about building wealth. In fact, the nation has gone on an “unprecedented saving spree,” according to the Federal Reserve Bank of Kansas City. From 2019 to April 2020, the savings rate nearly quadrupled, from 7.2% of disposable income to a record high of 33.7%. In a press release, A. Lee Smith, a research and policy adviser in at the Kansas City Fed…

Source: Finance – Money Talks News

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