According to the Organization for Economic Cooperation and Development, companies based in developed countries saved about $446 billion more a year than they invested. A report released in March by the U.S. Federal Reserve Bank of Minneapolis stated that this expansion was due to increasing profits at multinational companies, which then boosted their savings. Production in countries with low wages pushed down labor costs and led to even more savings. Some analysts cited other reasons for the spike in savings, including the advent of oligopolistic tech companies that generate vast profits, such as Apple and Alphabet, ... (full story)