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News@lemmy.world · 6 months ago

Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says

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Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says

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News@lemmy.world · 6 months ago

Consumer spending hit a peak of $85 billion per month last fall.

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6 months ago
If you’re wealthy and all your money is in assets, investments, residential real estate, etc and not income then your wealth significantly increased while everyone else’s decreased.

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