Personal savings in the US peaked at $2.1 trillion during the pandemic and have fallen sharply since.
— The Kobeissi Letter (@KobeissiLetter) September 1, 2023
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
North of the Border TOTAL and COMPLETE economic idiocy
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