2 startling graphs illustrate how nervous Americans are about the future of the economy

A woman protesting New York's coronavirus lockdown.
(Image credit: Stephanie Keith/Getty Images)

April was a month of historic increases and decreases due to the coronavirus outbreak.

On Friday, the government reported that consumer spending in April plunged 13.6 percent from the month prior, which Bloomberg says is "the sharpest drop in Commerce Department records back to 1959." Meanwhile, the personal savings rate, which describes the amount of a person's disposable income that they are putting into savings, hit 33 percent in April, "by far the highest since the department started tracking in the 1960's, and [surpassing the] consumer savings during the Global Financial Crisis," CNBC reports.

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