Americans may not be so spendthrift after all. According to government revisions released on Friday, U.S. households have been socking away a lot more money in recent years than previously thought. The average saving rate over 2016 and 2017 increased to 6.7 percent from a previously reported 4.2 percent. But there’s a catch: Most of the change came about because small-business owners and other proprietors made more money to salt away, not because workers got bigger wage increases.

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