Americans will likely deplete the rest of the excess savings they accumulated during the pandemic this quarter, according to a new study from the Federal Reserve Bank of San Francisco.
After rapidly accumulating “unprecedented” levels of excess savings during the pandemic, the San Francisco Fed estimates American households held less than $190 billion in aggregate excess savings as of June.
Yup the average person just spent the last of the whole $1200 that they have been living off for 3 years with no job. Thats totally in touch
I’m not sure you can call the average American job-less when the unemployment rate is only 3.5%
Because no one wants to work right? They are all living off the massive $1200. I forgot about the sarcasm blind so just in case s/
Funny thing about numbers, you can get them to say whatever you want. 70% of statistics are made up. Part-time temporary work is not a job you can survive off.
Paycheck to paycheck, then crazy inflation.