American savings have plunged from 2020

[Votto]

Americans are now saving a paltry 2% of their disposable income — down from a pandemic peak of 34%. Here are 3 easy ways to buck that troublesome trend

Don’t run out of your savings at the wrong time.

finance.yahoo.com

Americans' personal savings have plunged to a staggering $520 billion — from $4.85 trillion in 2020.​

Not surprising really. What was surprising is how well the DNC did during the 2022 election.

Apparently, Americans are OK with being destroyed economically by Marxists, oi elections are rigged, yada, yada, yada.

Whichever your view.

 

[toobfreak]

Americans' personal savings have plunged to a staggering $520 billion

Joe Biden and the democrats just call that their "Marxist Economic Redistribution Plan For The Middle Class Towards Becoming The Poor."

Not surprising really. What was surprising is how well the DNC did during the 2022 election. Apparently, Americans are OK with being destroyed economically

Either that, or our elections are being fixed, not at all representative of the people's will, while too many in society are either already poor, or become abysmally stupid and uninformed.

 

[Moonglow]

I have never had a saving account since I was eight.

 

[DudleySmith]

lol economic policies make it stupid for working class people to save, not to mention wages are at all time lows since the early 1950's. They're better off spending every dime on staples and hoarding thanks to the price gouging and unstable job markets.

 

[BasicHumanUnit]

Oh STOP IT !!!

Americans are doing better than evah!! People are all but growing money on trees in the backyard its so good right now!

Just ask JoeB131 or Rightwinger

 

[jknowgood]

Oh STOP IT !!!

Americans are doing better than evah!! People are all but growing money on trees in the backyard its so good right now!

Just ask JoeB131 or Rightwinger

I think the meth tree keeps them going.

 

[MaryL]

Americans are now saving a paltry 2% of their disposable income — down from a pandemic peak of 34%. Here are 3 easy ways to buck that troublesome trend

Don’t run out of your savings at the wrong time.

finance.yahoo.com

Americans' personal savings have plunged to a staggering $520 billion — from $4.85 trillion in 2020.​

Not surprising really. What was surprising is how well the DNC did during the 2022 election.

Apparently, Americans are OK with being destroyed economically by Marxists, oi elections are rigged, yada, yada, yada.

Whichever your view.

Aren't Dumocrats sanctioning assisted suicide? Abortion? So, certain lives matter. Others, not so much. Blacks or trans, otherwise you can pick and choose who's lives matter according to your fleeting political beliefs? I am confused.

 

[AntonToo]

Americans are now saving a paltry 2% of their disposable income — down from a pandemic peak of 34%. Here are 3 easy ways to buck that troublesome trend

Don’t run out of your savings at the wrong time.

finance.yahoo.com

Americans' personal savings have plunged to a staggering $520 billion — from $4.85 trillion in 2020.​

Not surprising really. What was surprising is how well the DNC did during the 2022 election.

Apparently, Americans are OK with being destroyed economically by Marxists, oi elections are rigged, yada, yada, yada.

Whichever your view.

Time for a clue.

2020 saving rates were historically distorted by people sitting at home instead of traveling and doing stuff like getting togather and dining out. This on top of stimulus checks and uncertainty that drives people to increase savings.

People saving less is just another way of saying that they have a lot of confidence, maybe even over-confidence, in their personal economic stability. Which makes sense given very low unemployment and so many job openings.

 

[Thinker101]

Time for a clue.

2020 saving rates were historically distorted by people sitting at home instead of traveling and doing stuff like getting togather and dining out. This on top of stimulus checks and uncertainty that drives people to increase savings.

People saving less is just another way of saying that they have a lot of confidence, maybe even over-confidence, in their personal economic stability. Which makes sense given very low unemployment and so many job openings.

Dang, that's got to be the stupidest thing I've ever heard from you today. So let's see, we have high grocery prices, high gas prices therefore those with less money have less because of confidence....dang, dumbass.

 

[Augustine_]

Americans are now saving a paltry 2% of their disposable income — down from a pandemic peak of 34%. Here are 3 easy ways to buck that troublesome trend

Don’t run out of your savings at the wrong time.

finance.yahoo.com

Americans' personal savings have plunged to a staggering $520 billion — from $4.85 trillion in 2020.​

Not surprising really. What was surprising is how well the DNC did during the 2022 election.

Apparently, Americans are OK with being destroyed economically by Marxists, oi elections are rigged, yada, yada, yada.

Whichever your view.

Your lies are less and less effective every year. People are learning that for decades the GOP has only stood for religious fundamentalism and the redistribution of wealth from the middle and lower classes to the ruling classes.

 

[AntonToo]

Dang, that's got to be the stupidest thing I've ever heard from you today. So let's see, we have high grocery prices, high gas prices therefore those with less money have less because of confidence....dang, dumbass.

Proving once again that your screen name is sarcasm.

Look at the graph again and hopefully realize that 2020 savings rate was as far away from normal as can be, so comparing to it is foolish.

 

[Indeependent]

Americans are now saving a paltry 2% of their disposable income — down from a pandemic peak of 34%. Here are 3 easy ways to buck that troublesome trend

Don’t run out of your savings at the wrong time.

finance.yahoo.com

Americans' personal savings have plunged to a staggering $520 billion — from $4.85 trillion in 2020.​

Not surprising really. What was surprising is how well the DNC did during the 2022 election.

Apparently, Americans are OK with being destroyed economically by Marxists, oi elections are rigged, yada, yada, yada.

Whichever your view.

80+ year old LibTards don't seem to be bothered by this trend.

 

[Thinker101]

Proving once again that your screen name is sarcasm.

Look at the graph again and hopefully realize that 2020 savings rate was as far away from normal as can be, so comparing to it is foolish.

How sky-high inflation is evaporating Americans' savings, imposing 'cruelest tax' on the poor

 

[AntonToo]

How sky-high inflation is evaporating Americans' savings, imposing 'cruelest tax' on the poor

They are talking about depreciation of savings accounts, not actual savings rate projections and comprehensive causation analysis.

....rising inflation can also impact the value of savings accounts...

But your link does confirm what I have explained about outstanding 2020 saving rates and why it makes no sense to compare against them:

Many Americans were able to save over the course of the pandemic thanks to fiscal support and the fact that COVID-19 shuttered businesses and urged people to stay at home rather than spend on the services they used to go out for, according to Wells Fargo Senior Economist Sarah House.

 

[Votto]

lol economic policies make it stupid for working class people to save, not to mention wages are at all time lows since the early 1950's. They're better off spending every dime on staples and hoarding thanks to the price gouging and unstable job markets.

Americans lost $4 trillion since diaper boy got elected along with his DNC cohorts.

$4 trillion.

$ 4 TRILLION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Now they will probably go $4 trillion more on debt the next 2 years.

 

[AntonToo]

Americans lost $4 trillion since diaper boy got elected along with his DNC cohorts.

$4 trillion.

$ 4 TRILLION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Now they will probably go $4 trillion more on debt the next 2 years.

They didn't lose it dummy, they've spent it after being cooked up in their houses for a year.

What do you say, should we start another crazy recession to increase savings rates? You think that would be good for economy?

 

[Votto]

They didn't lose it dummy, they've spent it after being cooked up in their houses for a year.

What do you say, should we start another crazy recession to increase savings rates? You think that would be good for economy?

They just spent $4 trillion cuz they were "cooped up" in the house? They all must live in mansion now driving a Mercedes.



Can you even fathom how much $4 trillion actually is?

To put it into perspective, if you take the age of Biden and Bernie Sanders and add them together, it would be one year shy of $4 trillion years.

 

[Thinker101]

They are talking about depreciation of savings accounts, not actual savings rate projections and comprehensive causation analysis.

....rising inflation can also impact the value of savings accounts...

But your link does confirm what I have explained about outstanding 2020 saving rates and why it makes no sense to compare against them:

Many Americans were able to save over the course of the pandemic thanks to fiscal support and the fact that COVID-19 shuttered businesses and urged people to stay at home rather than spend on the services they used to go out for, according to Wells Fargo Senior Economist Sarah House.

I see, so we're talking about "guessing"...fricken idiot.

 

[AntonToo]

They just spent $4 trillion cuz they were "cooped up" in the house? They all must live in mansion now driving a Mercedes.



Can you even fathom how much $4 trillion actually is?

To put it into perspective, if you take the age of Biden and Bernie Sanders and add them together, it would be one year shy of $4 trillion years.

You need to stop talking about shit you are obviously clueless about. You look like a clown.

 

[AntonToo]

I see, so we're talking about "guessing"...fricken idiot.

Who are you quoting dummy?