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News@lemmy.world · 8 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 · 8 months ago

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

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8 months ago
But if they’ve spent all their savings they might not have money for things like a mortgage going forward
- ultranaut@lemmy.world
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  Unemployment is still very low, there’s likely not enough people in that kind of situation to have a significant impact on the housing market.

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