Pardon the likely bad question, but where did the “excess savings“ go? The money was originally stimulus money created and given to people.
So as it is reduced as “excess” it must either end up at government or corporations, right? (as opposed to other citizens, which would show as savings rate, which is declining)
That glut of stimulus money (purchasing power) helped increase prices. So... isn’t the remaining “excess” remaining simply more inflation coming ahead?
Isn’t this why the “savings rate” is important, as it is showing us how much Americans can keep when adjusted for those higher prices, while the “excess savings” shows us how much upward price pressure remains?
...... yet
Remarkable!
Pardon the likely bad question, but where did the “excess savings“ go? The money was originally stimulus money created and given to people.
So as it is reduced as “excess” it must either end up at government or corporations, right? (as opposed to other citizens, which would show as savings rate, which is declining)
That glut of stimulus money (purchasing power) helped increase prices. So... isn’t the remaining “excess” remaining simply more inflation coming ahead?
Isn’t this why the “savings rate” is important, as it is showing us how much Americans can keep when adjusted for those higher prices, while the “excess savings” shows us how much upward price pressure remains?
Thank you for your insight!
There IS a recession for the RIF's going through high tech. Disagree .