Cleveland Fed: Consumers Still Have Sizable Excess Savings and May Keep Spending It - For Now
November 21, 2023
November 21, 2023
CLEVELAND, Ohio, Nov. 21 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following news release:
Consumers still have a sizable stock of excess savings, accumulated during the pandemic, and they may keep spending it to make up for what they seem to believe to be a temporary decline in real disposable income, according to a new report from the Federal Reserve Bank of Cleveland.
In "Excess Savings and Consumer Behavior: Excess Compared to What?," Ma . . .
Consumers still have a sizable stock of excess savings, accumulated during the pandemic, and they may keep spending it to make up for what they seem to believe to be a temporary decline in real disposable income, according to a new report from the Federal Reserve Bank of Cleveland.
In "Excess Savings and Consumer Behavior: Excess Compared to What?," Ma . . .