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Economy

Magoo48

(5,478 posts)

2. How convenient

Reply to mahatmakanejeeves (Original post)

Tue Jul 5, 2022, 08:59 AM

Jul 2022

Inflation hit right after a period of saving.
Inflation hit right after a period of rising wages.

Our overlords can’t abide even the possibility of us even repossessioning ourselves under the thumb of debt.

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wsj.com: Americans Tap Pandemic Savings to Cope With Inflation [View all] mahatmakanejeeves Jul 2022 OP

We're cutting back on what we purchase. CrispyQ Jul 2022 #1

How convenient Magoo48 Jul 2022 #2

Why is this a story? snowybirdie Jul 2022 #3

Because Rupert Murdoch is paying me to post it. NT mahatmakanejeeves Jul 2022 #4

This message was self-deleted by its author mahatmakanejeeves Jul 2022 #5

Huge Pile of Savings????????? Farmer-Rick Jul 2022 #6

Here's the Personal Savings Rate according to BEA by way of FRED progree Jul 2022 #7

So, it includes people like Bill Gates, Zuckerberg, Walmart and the Koch Bros Farmer-Rick Jul 2022 #8

Yup. And so... progree Jul 2022 #9

But here's the thing Farmer-Rick Jul 2022 #10

Oh I know. I'm sure the top 10% got well over half of it /nt progree Jul 2022 #11