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Economy

mahatmakanejeeves

(61,366 posts)

2. Households still have around $1.7 trillion in excess savings they accumulated through mid-2021 ...

Reply to mahatmakanejeeves (Original post)

Sun Oct 30, 2022, 11:49 AM

Oct 2022

Households still have around $1.7 trillion in excess savings they accumulated through mid-2021, down from a high of $2.3 trillion, according to estimates by Fed economists.

Around $350 billion in excess savings as of June were held by the lower half of the income distribution

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Cash-Rich Consumers Could Mean Higher Interest Rates for Longer [View all] mahatmakanejeeves Oct 2022 OP

Aw, bullshit. What will make inflation last longer are corporations Warpy Oct 2022 #1

Households still have around $1.7 trillion in excess savings they accumulated through mid-2021 ... mahatmakanejeeves Oct 2022 #2