28.93%

Reality Check: U.S. Savings Rate Drops to 3.4%, Challenging Notion of ‘Excess Savings; Record High Retail Credit Card Rates at 28.93% – Up Nearly 20% Since 2021

The notion of “excess savings” appears to be unraveling as the U.S. Savings Rate took a notable hit in September. We can cancel the "excess savings" idiocy In Sept, the US Savings Rate collapsed from 4.0% to 3.4%, the lowest this year, and the 4th month in a row of declines. And this is after …

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Addicted To Gov? US Added $600 Billion In Debt In One Month And $10.47 TRILLION Since Covid Outbreak, Credit Card APR Now 28.93% As Credit Card Debt Exceeds $1 TRILLION, Family Healthcare Costs Surge 7% To $24,000, Q3 Real GDP Rises 4.9%

by confoundedinterest17 Bidenomics new theme song is “Addicted To Gov.” Bidenomics needs lots of Federal spending and borrowing to survive. But all this spending and borrowing is causing rapid price increases and other distortions. The US Federal government just added $600 billion in debt in ONE MONTH. And The Fed’s have borrowed $10.47 TRILLION since Covid in Q1 …

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