US pandemic savings ‘gone’?
Edited By WION Video Desk
Published: Jun 29, 2024, 06:10 IST | Updated: Jun 29, 2024, 06:10 IST
American consumers, once bolstered by pandemic savings, are facing a new reality. The Federal Reserve Bank of San Francisco reports that the estimated 2 trillion dollars in excess savings accumulated during lockdowns has been depleted.
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