The savings reach $2 trillion, or roughly 10% of the economy. With a successful vaccine, all that money could be steered toward spending, according to economist Ian Shepherdson, ushering in what he calls the “Biden Boom” by the time spring arrives.
“President-elect Biden is arriving in Washington at the right time,” said Shepherdson, who's the chief economist at Pantheon Macroeconomics. “The COVID news at the point where he's inaugurated is likely to be horrific. But it won't be for much longer after that.”
November 13, 2020
Vaccine Could Unlock Trillions In Spending, Leading To ‘Biden Boom’ For Economy : NPR