Will Americans’ pandemic savings stash keep the economy rolling?

AMERICA’S FISCALSTIMY during the pandemic has fuelled not just economic growth but also a lively hip-hop niche. Over the past two years musicians have released no fewer than 30 different songs referring to the government’s stimulus cheques, known as stimmies. “Yeah, check, I need a stimmy. ---double -, tell ‘em gimme,” raps Curtis Roach in one snappy track. The video seems to confirm the worst fears about how the money was spent. Mr Roach fans himself with dollar bills and sprays them about at parties. But a closer listen reveals a conservative streak that would do fusty financial planners proud. “Generational wealth, that’s where it’s at…save a lil’ bit for the rainy days on yo’ back, never slack.”