Consumer Financial Health: Difference between revisions

Consumer Financial Health (view source)

340 bytes added , 3 March 2023

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 == Savings ==
+=== Saving rate ===
+Personal savings, as measured by the BEA, is the difference between personal income and personal outlays.
+* The saving rate stands at 4.7%. The saving rate has come down significantly since the pandemic and, is currently even below the pre-pandemic levels of 8%. <ref>https://fred.stlouisfed.org/series/PSAVERT</ref>
 == Wealth ==