U.S. long-term unemployment hits highest level in a decade outside the pandemic. US consumer savings are falling at an alarming pace.

US consumer savings are falling at an alarming pace:

The US personal savings rate fell -0.2 percentage points in November 2025, to 3.5%, the lowest since October 2022.

Excluding the March-October 2022 period, this is the lowest level since the 2008 Financial Crisis.

This… pic.twitter.com/iru70ge4tp

— The Kobeissi Letter (@KobeissiLetter) January 28, 2026

“Outside of the pandemic, we’re now at the highest long-term unemployment rate that we’ve seen in about a decade and it’s heading in the wrong direction.” 👇🏼 pic.twitter.com/ODL6OSxjwR

— Kalani o Māui (@MauiBoyMacro) January 27, 2026

Is it me or are a lot of CRE defaults taking place? https://t.co/qMv83uq5E3

— Danielle DiMartino Booth (@DiMartinoBooth) January 28, 2026