Wwhat month and year did the US personal savings rate peak
Subject : Business
Question: Before March 2020, what month and year did the US personal savings rate peak? What was the peak?
Expert Verified Solution:
Before March 2020, the U.S. personal savings rate peaked in April 2020. However, if you’re looking for the peak before the COVID-19 pandemic, it was in July 1981, reaching a peak of 13.2%. This peak was driven by high interest rates and economic uncertainty during that period.
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