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Here’s a quick look at how household finances are becoming increasingly frayed:
The Covid-19 pandemic upended the US economy — but in the process, some Americans were able to swiftly pay down their debt and sock away money in savings.—Alicia Wallace, CNN Money, 1 June 2025 The servicemember can sock away up to $7,000 in 2025 ($8,000 for those age 50 and older) into the spouse’s IRA.—Darla Mercado, Cfp®, CNBC, 1 Apr. 2025 Similar to last year, the dynamic means Massachusetts can likely sock away $1 billion or more in surtax revenue to be spent later for education and transportation while still having to closely monitor tax collections in May and June to ensure a balanced budget when the fiscal year ends.—State House News Service, Boston Herald, 6 May 2025 Workers who begin to save at age 20 would need to sock away $330 per month to reach $1.26 million, while people starting at age 30 would need to save $695 per month, according to Northwestern Mutual.—Aimee Picchi, CBS News, 18 Apr. 2025 See All Example Sentences for sock away
Word History
Etymology
from the practice of concealing savings in the toe of a sock
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