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.
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.
Lies, damned lies, and statistics.