- cross-posted to:
- news@lemmy.world
- nyt_gift_articles@sopuli.xyz
- cross-posted to:
- news@lemmy.world
- nyt_gift_articles@sopuli.xyz
Both states and households have only slowly spent down the savings they amassed during those pandemic years, so the money has continued to trickle through the economy like a slow-release booster shot. On top of that, government spending has remained elevated as the Biden administration has begun to make sweeping infrastructure and climate investments.
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