“…despite a rapid drawdown of savings in recent months, there is still a large stock of aggregate excess savings in the economy—some $500 billion.” - San Francisco Fed frbsf.org/economic-research/publication…

This figure varies somewhat widely depending on who you ask and how they measure it. But almost everyone agrees that consumers are sitting on far more savings than they would’ve accumulated had the pre-pandemic savings trends continued.

More on excess savings here: tker.co/p/consumer-finances-excess-savi…

Consumer finances are in remarkably good shape 💰
Some metrics have gotten 'worse,' but they're nowhere near 'bad' 👍
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