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Transfer payments, household savings play key roles in growing U.S. deficit
Abstract: While recent levels of government borrowing have been high, private savings by U.S. residents have been elevated as well. As a result, overall borrowing for the entire U.S economy has been remarkably stable.
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https://www.dallasfed.org/research/economics/2025/1118
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2025-11-18