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Saving glut of the rich

Saving glut of the rich

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VBL
Feb 28, 2022
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Saving glut of the rich
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The Savings Glut of the Rich

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Abstract: There has been a large rise in savings by Americans in the top 1% of the income or wealth distribution over the past 35 years, which we call the saving glut of the rich. The saving glut of the rich has been almost as large as the global saving glut, and it has not been associated with an increase in investment. I…

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