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Let's Go Brandon!
Americans are exhausting their excess savings — and could run out of funds this quarter, Fed study says
"There is considerable uncertainty in the outlook, but we estimate that these excess savings are likely to be depleted during the third quarter of 2023," Fed researchers said.
A lot of these people, bought a house with a higher interest-rate, two new cars, and are now getting ready to pay on their student loan debt after skipping payments for three years. It looks like for smart people. They’ll be a lot of houses for sale and a lot of barely used vehicles on the market soon.Americans are exhausting their excess savings — and could run out of funds this quarter, Fed study says
"There is considerable uncertainty in the outlook, but we estimate that these excess savings are likely to be depleted during the third quarter of 2023," Fed researchers said.
We have a winner
folks. He gets it.
