Consumer sentiment is lower today than during the height of the pandemic lockdown in March/April of 2020. $2.1 trillion of US excess savings were spent in 3 years July 14, 2024 4:24 pm
Bulls, when this explodes, don’t tell anyone that you bet your life savings on the “Magnificent Seven” in an artificial intelligence bubble. July 12, 2024 9:19 pm
Consumer loan default rate hits highest level since 2012 as excess savings deplete. July 5, 2024 10:38 pm
Perfect storm: consumer savings depleted, wage growth down 80%, delinquency rates up 50%. June 13, 2024 12:05 pm
Bloomberg reports 18% of US adults can cover emergencies with less than $100 savings June 13, 2024 10:21 am
The IMF warns of US debt, driven by high income inequality and absorbing global excess savings; Half of Dow firms pose lower default risk than federal government. June 10, 2024 8:27 am
Most Americans, two paychecks from bankruptcy, with less than $1000 in emergency savings. June 6, 2024 2:24 pm
New AARP Survey: 1 in 5 Americans Ages 50+ Have No Retirement Savings and Over Half Worry They Will Not Have Enough to Last in Retirement June 5, 2024 10:36 pm
Chicago PMI plummets to 35.4, recession inevitable; households depleted of savings. June 2, 2024 10:43 am
11% of Americans are on Food Stamps …Retirees forced to return to work as inflation eats into savings… JPMorgan: The US economy is in a ‘selective recession’ May 22, 2024 10:59 pm
Making 54K a year salary and living almost paycheck to paycheck with savings never going above 5K May 21, 2024 7:30 pm
Pandemic boom fades, household savings vanish, with rising delinquencies in low-income borrowers. April 23, 2024 9:15 am
Alert — Telephone scammers trick man into giving up $180,000 in life savings. Beware of this scam. April 16, 2024 1:05 pm
US credit card delinquency rates hit historic highs alongside record debt and negative net savings. April 15, 2024 6:44 am
Vanguard has a new savings account paying 4.7% APY with FDIC coverage of $1.25 Million. The account has $0 fees, $0 minimum balance requirements, $0 transaction fees, and 0 limits on how often money can be transferred. April 10, 2024 3:24 pm
Nationwide credit card delinquency coincides with declining U.S. personal savings and a spike in NY property tax delinquency. April 1, 2024 11:35 am
Larry Fink of BlackRock urges government and private sector coordination to address retirement savings crisis. March 29, 2024 10:32 amMarch 29, 2024 9:59 am
22 US states face economic contraction; Consumers have now run out of excess savings March 21, 2024 6:19 pmMarch 21, 2024 2:20 pm
Americans say they now need $1.3m to retire; 90% of lower-income lack savings. Disparities persist. March 10, 2024 1:23 pm
America’s savings rate shame: Three biggest US banks last year raked in $200B! February 4, 2024 8:35 am
Addicted To Gov? Government Worker Wage Growth Hits Record High As Savings Rate Falls To 3.7% (Acyclical Core PCE inflation Remains Extremely High) January 26, 2024 9:44 pm
Biden In Wonderland! Savings As Percentage Of GDP Goes Negative As Consumer Still Cope With Inflation Of Over 4.50% (But At Least Yield Curve Is Normalizing!) January 18, 2024 4:53 pm
China’s state-owned banks cut deposit rates to boost consumption, but impact on savings and consumption varies. December 22, 2023 8:42 am
Walmart adopts “Buy Now, Pay Later”; BNPL hit an all-time high on Cyber Monday up +42.5% YoY; Record year projected, amid high credit card debt and declining savings. December 20, 2023 10:11 pm