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State lawmakers are also preparing for a potential recession, socking away at least $750 million for the state’s rainy day fund and proposing making the annual funding permanent through a constitutional amendment next year.—Romy Ellenbogen, Miami Herald, 14 June 2025 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 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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