Figure 1 tells me that savings go up during recessions. Figure 2 tells me that people saved during COVID. I don't want any of those two to drive up savings.
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Figure 1 tells you that even after the "$2,000" household savings has reset to a level below 2021 (3.8%) which was last matched seen in 2008, the last crash. Figure 2 shows those savings being bottomed out and only now starting to recover - while 3 & 4 cover massive increases in outstanding debt
feb 12, 2025, 4:36 pm • 0 0 • view
I helpfully added the links to the charts at FRED in the Alt Text though I appreciate not everybody bothers to check it
feb 12, 2025, 4:37 pm • 0 0 • view