The supply of money held by the public has grown almost 47 percent since 2010 when compared with the size of the economy, and some estimates indicate that the excess, mostly held in bank savings accounts, totals as much as $2 trillion. What does this mean for the overall economy in the future?

The growth of money, defined by M2 as currency, time deposits, checking accounts, retail money funds and bank savings accounts, has outpaced that of the economy since the recession of 2009. This increase in money supply is a sign of risk aversion in the market, and low interest rates have also of course had an impact as funds are being held rather than invested or lent.Over the past six-and-a-half years (fourth quarter of 2009-second quarter of 201...