Americans’ Pandemic-Era ‘Excess Savings’ Are Dwindling for Many

Posted on AllSides December 7th, 2021
From The Left
Source: J.P. Morgan Chase Institute By Ella Koeze

Infusions of government cash that warded off an economic calamity have left millions of households with bigger bank balances than before the pandemic — savings that have driven a torrent of consumer spending, helped pay off debts and, at times, reduced the urgency of job hunts.

But many low-income Americans find their savings dwindling or even depleted. And for them, the economic recovery is looking less buoyant.

Read full story
Some content from this outlet may be limited or behind a paywall.
https://www.nytimes.com/2021/12/07/business/pandemic-savings.html

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right