Yikes

Personal savings in the US peaked at $2.1 trillion during the pandemic and have fallen sharply since.

Now, there are about $190 billion in personal savings remaining, down ~91% from the peak.

Since 2022, household savings have declined by $100 billion per MONTH on average.

By… pic.twitter.com/Bb9Ia018OC

— The Kobeissi Letter (@KobeissiLetter) September 1, 2023