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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

cross-posted to:
[email protected]

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

return2ozma@lemmy.world to

News@lemmy.world · 6 months ago

cross-posted to:
[email protected]

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

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6 months ago

to recover all the cash they didn’t get during 2020

COVID facilitated the greatest transfer of wealth from the masses to the few in history.

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