2 Growth Stocks to Buy for a Post-Pandemic Bull Market
Throughout the pandemic, consumers have been saving more money. According to the U.S. Commerce Department, people held on to 16.4% of their disposable income in 2020, more than double the 7.5% savings rate in 2019. And that figure actually ticked up to 21.5% in the first quarter of this year.
That means many consumers may have a little extra cash to burn, which could be a significant growth driver for the economy. And in the event of a post-pandemic bull market, companies like Paycom Software (NYSE: PAYC) and Square (NYSE: SQ) are well positioned to benefit. Here's why.
Paycom helps clients manage their workforce more efficiently. Its human capital management (HCM) platform includes tools for talent acquisition, time and labor, payroll, and human resources, and it provides access to real-time analytics.
Source Fool.com
