8 May 2024
The US consumer (risk) in one chart: credit card debt at record high, personal savings rate record low
Source: www.zerohedge.com
6 May 2024
US Households have now run out of excess savings.
Current levels are worse than even 2019. The hard part is that this is happening just as the labor market has started to weaken. Source: Game of Trades
30 Apr 2024
YARDENI on savings rate and labor supply shortage :
“.. retiring Baby Boomers are likely the reason that the personal saving rate is falling; they’re depressing the rate as they spend their retirement funds and no longer have earnings to save. In addition, they are spending at a record pace on labor-intensive services (restaurants, travel and entertainment, and health care), thus boosting labor demand ..” Source: LESG, Yardeni research
