Personal savings drop, lowest since 2013 amid high credit card debt and interest rates.

“Personal savings have plummeted following C19

It’s now at the lowest levels since 2013

WIth credit card debt and interest rates at their highest levels, consumers now face major headwinds”

Personal savings have plummeted following C19

It’s now at the lowest levels since 2013

WIth credit card debt and interest rates at their highest levels, consumers now face major headwinds pic.twitter.com/DNOIuZFZtg

— Game of Trades (@GameofTrades_) July 1, 2023

If you think this can continue, then you are in the bull camp:

This is credit card cost of carry (principal x interest) at the consumer macro level for the U.S.: pic.twitter.com/Axu0dXtTnJ

— Mac10 (@SuburbanDrone) July 1, 2023