66 days ago • Posted by William Ramstein

Savings actually improved during covid but are now shrinking

JP Morgan data shows Low income households hit harder in terms of savings than high income households, though both have shown a declining trend. since a peak in Savings in May. However, in April, both saw a surge in savings, a surge that crashed down for low income family whereas high income households hockey sticked and maintained a higher level of savings than pre covid era. Source: JPM