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Americans to deplete pandemic era savings by end of Q3

Por: Fox Business Business September 28, 2023

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America's average household debt reached record levels in the second quarter of 2023. (iStock) Following the dawn of the COVID-19 recession, Americans collectively accumulated a record $2.1 trillion in excess savings, according to by the Federal Reserve Bank of San Francisco.  The San Francisco Fed refers to excess savings as the difference between actual savings and the pre-recession trends, relative to previous recessions. The analysis... + full article



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