The overall savings trend in the U.S. from June 2020 to February 2020 is a bit unclear because February 2020 is before June 2020 in time sequence. However, if considering the general saving trend before February 2020, the U.S. savings rate was relatively steady with minor fluctuations and a slight increase generally seen around the end of each year through early the next year, such as between December and February. The savings rate showed a roughly linear pattern with moderate increases, often attributed to seasonal factors such as New Year’s resolutions or holiday savings behavior. The peak savings rate before the pandemic spike in March 2020 was around 8.5% in early 2019. To clarify, the savings rate drastically increased after February 2020, peaking at about 32% in March 2020 due to pandemic-related factors including government financial aid and reduced consumer spending as a response to COVID-19 measures.
If the query meant from June 2019 to February 2020, the savings rate was on a steady slightly increasing trend with seasonal rises at year-end but no sharp surges until the pandemic onset in March 2020. Thus, from June 2019 through February 2020 the trend can be described as stable with gradual growth in savings amounts, just before the sharp spike triggered by the pandemic. If the query was about June 2020 to February 2020 in reverse, data indicates the normal pre-pandemic trend was followed by the big spike around March 2020, but June 2020 is after February 2020 chronologically, so that period includes the height of pandemic-related savings surge. Please confirm if the intended period was before or after February 2020 for an exact focus. Summary:
- Pre-pandemic (June 2019 to February 2020): steady, slight increase, peak pre-pandemic around 8.5%
- Pandemic onset (March 2020): sharp spike to ~32%
- Seasonal rises typically around December-February each year.
Let me know if a clear focus on pre- or post-pandemic period is needed.