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But China, unlike the U.S., has a surplus of savings, meaning it can survive the loss of trade revenues indefinitely.

Trump’s political rallies and other large gatherings are more like fundamentalist Christian evangelical tent revivals where he is the preacher laying hands and saving souls than they are traditional political rallies.

The gender pay gap is a major factor in setting women back when it comes to saving: Women still earn only 83 cents for every dollar earned by men.

Katherine Hart, lead officer at the Chartered Trading Standards Institute, said: "We've seen huge amounts lost this way. People have seen their life savings gone and that money is going to finance criminals."

Betty said she was forced out of her branch in Country Durham in 2003 after she and her late husband spent more than £50,000 of their savings to cover shortfalls that did not exist.