You Searched For "Depleting Savings or No Savings" and got 18 results
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2 mins read
Baby boomers are going to save the economy as they spend down their $75 trillion nest egg while millennials struggle with student debt
"There's a $75 trillion-wide hole in the theory that consumers' running out of pandemic savings wil…
Matthew Fox
2 mins read
US households are on the brink with excess savings likely to be depleted by month-end, San Francisco Fed says
Americans' cash pile has previously kept consumer spending afloat ever since pandemic restrictions …
Joseph Wilkins
1 min read
Americans are exhausting their excess savings - and could run out funds this quarter, Fed study says
"There is considerable uncertainty in the outlook, but we estimate that these excess savings are li…
Zahra Tayeb
3 mins read
A retiree says $1,620 monthly Social Security isn't enough to live on, but she's worried about draining her savings too early
Elizabeth McCoy, 61, is struggling with expenses in central Indiana. High medical bills might force…
Allie Kelly
1 min read
CHART OF THE DAY: The extra money people saved during COVID is almost gone
"The sunset of government stimulus and relief programs and diminishing savings should result in hig…
Matthew Fox
3 mins read
Save, don't spend, warns Intuit's CEO, as he notices 'good behavior' around money habits eroding
Americans are burning through their supply of early pandemic savings, but it's good to keep your de…
Jason Lalljee
3 mins read
A husband and wife were diagnosed with cancer within a year of each other. Paying for treatments depleted their savings.
Jason and Shauna Ellis, both in their 40s, were each diagnosed with breast and colon cancer within …
Allana Akhtar
2 mins read
Revenge spending effect: Household savings dip to 5 -year low
Indian households' savings fell to a five-year low in 2021-22 as rising inflation gnawed into the p…
2 mins read
'Big Short' investor Michael Burry warns the US economy is on borrowed time — and consumers will blow through their savings in a matter of months
Burry noted that US personal savings have plunged from over 25% of GDP last year to about 3.8% toda…
Theron Mohamed
2 mins read
The US economy's safety net is bigger than anyone thought
Americans have billions of dollars more in household savings than previous estimates found.
Noah Sheidlower
2 mins read
Struggling US households may soon max out their credit cards as banks get skittish
"Credit card borrowing costs are the highest since records began in 1972 so there is going to be a …
Matthew Fox
2 mins read
A key US consumer indicator has dipped to 'crisis levels,' SocGen says
The US personal savings rate has dropped below 3%, a level historically associated with recessions,…
Jennifer Sor
2 mins read
99% of Americans will be financially worse-off than they were pre-pandemic by mid-2024, JPMorgan says
Within months, all but the top 1% of consumers will likely be doing worse than they were before COV…
Phil Rosen
2 mins read
Here's why it's so dangerous for Wall Street to bet against the American consumer
"Mortgage holders who refinanced around 3% and are investing in money market funds at 5% or more ha…
Matthew Fox
2 mins read
The US economy is in a 'selective recession' as lower-income consumers can't cover the cost of living, JPMorgan says
Lower-income Americans are can't keep up with the rising cost of living and have blown through thei…
Jennifer Sor
3 mins read
There's a 'yellow light flashing' in the economy - and it poses a threat to the stock market
"Half of the increase in private consumption over the last two years has been financed by household…
Pedro Nicolaci da Costa
2 mins read
ECONOMIST: Ban Of High-Seas Fishing Saves $2 Per Person On The Planet
Factoring the value of "natural capital" off coasts into the wealth of countries promises to change…
Agence France Presse
1 min read
The 9 advanced economies with the best quality of life in the world
It measures 109 countries for inclusive development and the results are derived by looking at 12 ke…