[Tiksi]

>> Americans are so nervous about the state of the economy that they are stashing cash in the bank at a rate not seen since the first year of Ronald Reagan's presidency.

Could this just be that they're spending less since there's less opportunity to do so since everything's closed down? I know I personally "saved" a lot more in April, but it wasn't because I was fearful about the economy. I'm lucky that I can work from home and have been sitting at home for 2 months, not going out, not buying things other than essentials. I don't have to spend money on transportation (Metrocard, lyft, etc), I'm not spending money at bars, I can't go out for dinner, and since I'm home all day I've been cooking instead of ordering takeout. The only "expense" that's increased is throwing money into the market and playing with options, because what else is there to do.

So yeah my savings rate definitely went up, but this says nothing about being nervous about the state of the economy.