​Americans Have Burned Through Their Pandemic Savings – Tyler Durden

Americans Have Burned Through Their Pandemic Savings For the past three years, as the United States – like many other nations – battled with elevated inflation, consumer spending has remained remarkably robust, keeping the U.S. economy from sliding into a recession. However, as Statista’s Felix Richter reports, that has come at the expense of personal saving, which dropped sharply in 2022, when the personal saving rate, i.e. the share of their disposable income that people weren’t spending on consumption, taxes or interest payments, dropped to the lowest level since the financial crisis. You will find more infographics at Statista During the…  — Continue at ZeroHedge News : Read More