‘US bond markets are witnessing a bear market of epic proportions, which could dent the returns for millions of pensioners and erode their hard-earned savings’ September 6, 2023 2:49 pm
US savings rates decline to 3.5% in July, marking their lowest level since 2008, marking their 24th consecutive monthly decline since mid-2022. US household debt reaches record-high $17.06 trillion. September 4, 2023 9:02 pm
JPMorgan predicts stocks may fall due to consumers spending excess savings from the pandemic. August 21, 2023 11:11 am
Lowriding! US Personal Savings Lower Than Pre-Covid As Core Inflation Still Hurts At 4.70% YoY (Large Bank Loan Volumes Shrank Last Week As Deposit Outflows Re-Accelerated) August 20, 2023 8:29 pm
Personal Savings GONE… Americans’ credit card debt breaks record of $1 trillion as interest rates climb August 18, 2023 10:53 am
Shoplifting out of control – Rising theft has come with higher credit card debt and declining US savings. August 17, 2023 10:24 am
Consumers face financial troubles as excess savings deplete by September 2023… New consumer debt numbers are scary! August 16, 2023 3:47 pmAugust 16, 2023 1:04 pm
46% of renters struggle financially, 36% have more debt than emergency savings. Owning a home has become a luxury August 10, 2023 11:00 am
Apple Card’s Savings account blows past $10 billion in deposits (that likely means $10B in capital flight from banks paying a piddly .15% on checking accounts) August 3, 2023 3:03 pm
American average credit card balance is $7,300, median household savings $5,300, and delinquency rates rise 6 consecutive quarters. We are “fighting” inflation with credit cards. August 1, 2023 8:41 pm
45 million people with student loans face monthly payments of $200… 40% of US adults report having less than $1,000 of savings. July 31, 2023 3:10 pm
Ireland: Once a colony of England, now an Obedient Colony of the EU. Saves the planet by slaughtering 200,000 cows. The great collapse occurred after the country walked away from its Catholic roots. The rudderless nation clamored for another savior: the EU & high tech giants lured by tax savings. July 26, 2023 8:40 am
Americans face drastic credit scores decline and depleted savings July 21, 2023 7:27 amJuly 20, 2023 10:23 am
US economy may face turning point due to consumer savings depletion. July 6, 2023 3:37 pmJuly 5, 2023 7:54 pm
Consumers down to $533bn excess savings and still spending like rates are zero… ‘Don’t see a Recession? It’s Last Call at the bar’ July 3, 2023 9:32 am
Personal savings drop, lowest since 2013 amid high credit card debt and interest rates. July 2, 2023 7:41 am
Post-pandemic excess savings run out by September 2023…right when student loan payments restart. June 28, 2023 6:57 pmJune 27, 2023 10:02 pm
Apple savings account ‘keeping customers’ cash hostage’ (if you don’t hold it, you don’t own it) June 2, 2023 12:54 pm
“QT has almost been entirely offset by Janet Yellen running down the Treasury Savings Account. She could have sold 10 years for under 1%… instead she runs down the Treasury Savings Account.” June 1, 2023 3:51 pm