I think the information the person is talking about is from mid-December and is "It is estimated that there is $1.3 trillion savings accumulated left over from CARES Act stimulus and forced savings."
Here's more information I saw from an article (don't know if it's the same one):
- The aggregate amount of savings is not as important as how it is distributed amongst consumers.
- Since the majority of savings is held by high-income households, it will not be as great a source of stimulus as many assume it will be.
This comment from the article I was reading matches the thought process the poster was saying: "The thinking is that this massive amount of stimulus could close that output gap if it is spent on goods and services once the pandemic comes to an end."
"The reality is that upper-income households are the ones holding most of the accumulated savings, and they are far more likely to save and invest than spend. Lower and middle-income households tend to spend most of what they earn, saving relatively little."
The article also spoke on vaccination desire, etc.
Basically when you look at what people are saying and what I'm reading and my own situation it's kinda the opposite of what the poster was saying. I understand there is a desire to put forth positive information and normally I'm all about that but it's okay to also be realistic whilst at the same time not being a debbie downer.