Pandemic savings are gone. What now? - Marketplace

Americans have blown through excess pandemic savings. What does that mean for the economy? We’ve spent the $2.1 trillion that two San Francisco Fed economists say we saved during the pandemic. Read More

Americans' dwindling ‘excess’ pandemic savings could hurt chances of US economy's soft landing - Fox Business

Americans' excess savings accumulated during the pandemic are being depleted which could make it harder for the U.S. economy to have a "soft landing" from the inflationary cycle. (AP Photo/Nam Y ... Read More

Americans' Pandemic Savings Are Gone. The Economy Is Bracing For Impact - Financial Advisor

The pandemic savings cushions that helped Americans weather high prices in recent years have worn through, contributing to a loss of consumer firepower that’s rippling through the economy. Read More

Americans’ pandemic savings are gone — and the economy is bracing for impact - The Detroit News

The pandemic savings cushions that helped Americans weather high prices in recent years have worn through, contributing to a loss of consumer firepower that’s rippling through the economy. Read More

Americans Have Burned Through Their Pandemic Savings - MSN

At the end of September 2024, Americans had collectively saved $291 billion less since March 2020 than they would have been projected to if the pandemic had never happened. Read More

Excess savings kept the economy afloat. What happens when they’re gone? - Vox

It turns out that while Americans have undoubtedly spent a good amount of the extra money they accumulated during the pandemic, there’s no consensus on how much excess savings people actually ... Read More

Americans’ pandemic savings are gone – and the economy is bracing for impact - Press Herald

The pandemic savings cushions that helped Americans weather high prices in recent years have worn through, contributing to a loss of consumer firepower that’s rippling through the economy ... Read More

Americans Have Spent Their 'Extra' Pandemic Savings. See What It Means for You - AOL

New research from the Federal Reserve shows that Americans built up $2.1 trillion of "excess savings" during the pandemic -- and as of March 2024, that extra money has all been spent. Read More

Americans' 'excess' pandemic savings now depleted, Fed research finds

The U.S. government's response to the COVID-19 pandemic unleashed massive amounts of fiscal stimulus which built up as excess savings that were only depleted in early 2023. Read More

Americans to Run Out of Savings by End of Q3: Fed Study - Business Insider

Americans are burning through "excess" savings and could run out as soon as Q3, a Fed study found. As of June, Fed estimates show US households held less than $190 billion of aggregate excess savings. Read More

Most Americans have burnt through their pandemic savings

But among the wealthiest one-fifth of households, cash savings are still about 8% above their level when Covid hit. By contrast, the poorest two-fifths of Americans have seen an 8% drop in that ... Read More

How dwindling pandemic savings could affect the economy | Vox

Estimates of excess savings vary, but according to data from Bank of America, Americans still have about $1.2 trillion in extra savings, which is down substantially from a peak of more than $2 ... Read More