The Trillions of Extra Dollars Americans Saved During the Early Pandemic Have Been Spent Down Rapidly in the Last Year
Very clever graphs and insight into a complicated subject. Thanks Joseph and Happy Memorial Day Weekend
An insightful analysis as usual. Thanks for the write up. I wish you would tell us more about who is causing these problems.
"At the current pace of spending, virtually all excess savings will be drained by the end of *2023*"?
Great insight and info!!
I would have liked to see your last two figures binned by income percentiles rather than raw incomes. I was wondering about the distribution of incomes (2022 was a lot less comfortable for <10k and about the same as other years for 150k) what does this mean in terms of quantities of people struggling? But overall I enjoyed this post, great job!
Joseph, your article blew me away with its cleverly crafted graphs and insightful analysis. It's evident that you've put immense effort into unraveling a complex subject and presenting it in an engaging manner. Thank you for sharing your expertise, and I hope you have a fantastic Memorial Day weekend! Your consistent ability to provide thought-provoking content is truly commendable. As a reader, I'm intrigued to learn more about the underlying causes and the parties responsible for these problems. Delving deeper into this aspect would add another layer of depth to your already brilliant write-up. Keep up the fantastic work!
This is a banger. Even better than most of your content, which is always solid-to-excellent.