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Americans Are Expected to Run Out of Excess Savings This Quarter
Video Credit: Veuer
Published on August 18, 2023 - Duration: 00:46s
Americans Are Expected to Run Out of Excess Savings This Quarter
A study says Americans are burning through their savings and could run out funds as early as this quarter.
According to the Federal Reserve Bank of San Francisco, as of June, US households held less than $190 billion of aggregate excess savings.
Veuerโs Maria Mercedes Galuppo has the story.