Americans are saving far less than normal in 2023. Here's why
, which traces back to 1959. In June 2022, the rate had dipped to 2.7%, a 15-year low.
"Something like $2 [trillion] to $2.5 trillion above what we would have otherwise expected were saved by American households," said Curt Long, chief economist at the National Association of Federally-Insured Credit Unions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Notable legal clouds that continue to hang over Donald Trump in 2023 | CNN PoliticsIt’s been eight years since he rode down the escalator in Trump Tower and more than two years since the January 6, 2021, insurrection, but the legal drama surrounding Donald Trump has never been more intense.
Read more »
When and where is the next FIFA Women’s World Cup after 2023?With the USWNT eliminated from the 2023 FIFA Women’s World Cup, here’s a look at when the next iteration of the tournament will be played and where it could be held.
Read more »
Samsung Galaxy Z Flip 5 vs Motorola Razr Plus (2023): which is the best flip phone?Can the Galaxy Z Flip 5 outshine the Motorola Razr Plus (2023), which was the first flip phone with an all-screen front?...
Read more »
High school football 2023 preview: Oakland Athletic LeagueTop players & predicted order of finish in the six-school Oakland Athletic League
Read more »