Blogotariat

Oz Blog News Commentary

US households save like the end of the world

June 1, 2020 - 13:00 -- Admin

Via the excellent Damien Boey at Credit Suisse: US household saving rate at 33%! A lot happened in April. There was a very sharp downtun in the labour market, households received an enormous boost to disposable incomes from fiscal stimulus, and consumers significantly pared back their spending amid shutdown restrictions. The net balance of these forces

The post US households save like the end of the world appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]