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Only richest 20% of Americans still have excess pandemic savings

Por: Los Angeles Times Business September 26, 2023

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Americans not among the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, according to the latest Federal Reserve study of household finances. For the bottom 80% of households by income, bank deposits and other liquid assets were lower this June than they were in March 2020 after adjustment for inflation. All income groups have seen their balances decline in real... + full article



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