Diving into Data on Income, Spending, and Financial Asset Distribution to Explore Americans' $2.5 Trillion in Excess Savings
Personal savings (FRED data) is right back where it started, implying that this $2.5 trillion is fictitious. Where is the disconnect??
Is there any connection to the surge in housing demand? It’s been attributed to lower interest rates but I wonder if savings impacted it as well. Would high income savers be likely to target housing?
Hmm, interesting article. How do you think this has impacted the investing landscape?
Why do you think the Census Bureau’s SIPP survey and Fed’s own SCF survey show radically different (factor of 2!) household wealth, assets, etc from the Z1 data?
"the Federal Reserve offsets increased public sector borrowing by raising interest rates to curb private sector borrowing" .... is that going to work this time around with savings rates so high? Crushing private borrowing to offset public borrowing seems like an even more blunt instrument than usual.