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As Savings Slowly Shrink, Consumer Spending Is on Borrowed Time
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It is the $1.7 trillion question for the U.S. economy: How long can the savings consumers built up during the pandemic keep their spending going?
The answer: about nine to 12 more months.
Read more on wsj.comAbout this in other media
Consumer Spending Jumped in October as Inflation Eased wsj.com /1 year ago
Economy Week Ahead: U.S. Job Market and Consumer Spending in Focus wsj.com /1 year ago
Consumer Spending Jumped in October as Inflation Eased wsj.com /1 year ago
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