This is Motleyful Answers. I'm Alison Southwick and I'm joined as always by Robert Bro Daddy Daycamp, BroCamp, personal finance expert here at the Motley Fool.

I would like to thank C. Roy compounding on Twitter for submitting some new BroCamp names for me to use.

Oh, really? Yeah, I don't know.

Bro is thankful, but yes, that was one of them. And there's going to be some more coming down

the line. So, so, so, so looking forward to it. Yeah. All right. In this week's episode, it's the

Bro show as he interviews Ed Slot, retirement account expert on his new book, the new retirement savings time bomb.

And Bro's also going to talk about Buffett's latest letter and whether apps improve your finances.

Ooh, that's some foreshadowing there. All that and more on this week's episode of Motley Fool Answers.

So, bro, what's up? Well, Allison, I got three things for you.

A total of three.

So number one, a wash and cash.

So 2020 was a unique year in a lot of ways.

And one was that the U.S. personal savings rate hit an all-time high of 33.7% in April.

It dropped down to about 13% less fall, but it has since rebounded to a current

level of 21%. And that's still above the all-time high before 2020, which was 17% way back in

1975. So Americans are doing a lot of saving. We can thank subdued spending and government stimulus

checks for the skyrocketing savings rate. And there's more stimulus on the way, thanks to the

American Rescue Plan that will soon be signed into law. This has resulted in a lot of cash

on the sidelines, also known as the money supply. In the U.S., this is measured by something known as M1,

which is essentially cash and circulation, you know, coins and bills and stuff, as well as in

your checking accounts. And then M2, which includes M1, but also it has things like savings

accounts, CDs, and money market funds. So if you were to look at like a graph of the M2 money supply, you'd see a line that

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