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Have excess pandemic savings run out?

JPMorgan last week made the call that US pandemic savings have finally run out."Excess savings for US households when adjusting for inflation are now fully exhausted from a 2021 high of $2.1 trillion," JPM said.Retailers have been highlighting how low-end consumers have cut back and that same cohort was struggling in today's consumer confidence survey. However I think much of the excess savings accumulated in the higher income brackets. Could that consumer also be about to cut back? I'd guess th... Read More

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Posted: Aug 29 2023, 19:16

Author Name: forexlive

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