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News@lemmy.world · 6 months ago

Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says

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Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says

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News@lemmy.world · 6 months ago

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Consumer spending hit a peak of $85 billion per month last fall.

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6 months ago
Mostly high earners / high spenders who suddenly had nowhere to spend all their money.

Also some extremely low earners who got elevated unemployment for a while.

And PPP grifters.

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