Americans Pandemic Savings are now Gone

[Bucky]

Pandemic-Era Excess Savings - San Francisco Fed

Note: This data page will no longer be updated. The latest estimates of pandemic-era excess savings are as of September 2024. Past data will continue to be

www.frbsf.org

Americans continue to spend, spend, and spend however several companies - McDonalds, Starbucks, and Tyson Food reported a slowdown due to inflation and price-sensitive consumers.

 

[Mycroft]

Pandemic-Era Excess Savings - San Francisco Fed

Note: This data page will no longer be updated. The latest estimates of pandemic-era excess savings are as of September 2024. Past data will continue to be

www.frbsf.org

View attachment 67508816

Americans continue to spend, spend, and spend however several companies - McDonalds, Starbucks, and Tyson Food reported a slowdown due to inflation and price-sensitive consumers.

Perhaps this is why so many economists are predicting another recession.

During all the high inflation over the past three years people have been coasting thanks to their unspent pandemic stimulus...and now that's gone. There's nothing left to tide Americans over.

It's almost time to start paying the piper that the Biden pukes unleashed on the American people.

 

[VySky]

Another example of why credit card debt is at an all time high.

 

[Airyaman]

Perhaps this is why so many economists are predicting another recession.

During all the high inflation over the past three years people have been coasting thanks to their unspent pandemic stimulus...and now that's gone. There's nothing left to tide Americans over.

It's almost time to start paying the piper that the Biden pukes unleashed on the American people.

So what are the Trump pukes going to do to fix it?

 

[SNOWFLAKE]

Economic performance is stronger when Democrats hold the White House​

Macroeconomic performance by partisan control of the presidency, 1949–present​

		Democratic	Republican	Total	Democratic advantage?
Real Gross Domestic Product, % growth	(1)	3.79	2.60	3.15	Y
Real Net Domestic Product per capita, % growth	(1)	2.60	1.28	1.89	Y
Job growth, total, %	(1)	2.47	1.07	1.72	Y
Job growth, private, %	(1)	2.55	0.97	1.71	Y
Unemployment rate	(1)	5.41	6.01	5.73	Y
Real wages, % growth	(1)	1.08	0.88	0.97	Y
Real business investment, % growth	(1)	6.58	2.98	4.65	Y
Real personal income excluding government transfers, % growth	(1)	2.66	1.41	1.99	Y
Inflation, all items, %	(1)	2.91	3.29	3.13	Y
Inflation less food and energy, %	(2)	2.87	3.59	3.24	Y
Federal funds rate	(3)	4.17	4.94	4.60	Y

1 = available all years since first Truman Administration (1949)
2 = available since 1959
3 = available since 1954

Economic performance is stronger when Democrats hold the White House - EPI Action

Besides the pronounced superiority of macroeconomic performance under Democratic presidents, the fruits of economic growth are also distributed substantially more equally under Democratic presidents.

www.epi.org

 

[bongsaway]

Perhaps this is why so many economists are predicting another recession.

During all the high inflation over the past three years people have been coasting thanks to their unspent pandemic stimulus...and now that's gone. There's nothing left to tide Americans over.

It's almost time to start paying the piper that the Biden pukes unleashed on the American people.

Is biden making you spend your money. I'd say apparently most americans are living beyond their means.

 

[Mycroft]

So what are the Trump pukes going to do to fix it?

First step - unleash US oil production.

 

[Airyaman]

First step - unleash US oil production.

It's already at the highest point it's ever been.

Next?