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 …