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High earners are continuing to fare well during the pandemic.
Fifty-nine percent of those with a household income of $100,000 or more have increased their savings, a new MagnifyMoney study found. By comparison, only 28% of those earning less than $35,000 were able to save more. (The study surveyed 1,200-plus Americans in December.)
The savings cushion has created a sense of optimism for the six-figure households, 46% of whom think they’ll have more money in savings this time next year, per the survey. That compares to 28% of those making less than $35,000.
That’s likely because 41% details ⇒
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