SoFi Hong Kong Blog - US_WMT
![Americans Are Out of Savings](https://www.sofi.hk/app/uploads/2024/06/pig.png)
Cash Crunch U.S. bank accounts were flush with savings to the tune of $2.1 trillion following the pandemic. Those savings have now run dry, according to the Federal Reserve Bank of San Francisco. And that’s having a profound impact on consumer spending and the overall economy. Consumer Contractions First things first: The reason economists worry…Read more