FIREd_2015
Recycles dryer sheets
Interesting Fed article on the country "blowing that dough"
https://www.frbsf.org/our-district/about/sf-fed-blog/excess-no-more-dwindling-pandemic-savings/
https://www.frbsf.org/our-district/about/sf-fed-blog/data-revisions-and-pandemic-era-excess-savings/
"... Accumulated excess savings, estimated in nominal terms, totaled more than $2.1 trillion by August 2021 when it peaked...the drawdown on household savings...estimates average about $75 billion per month...As of September 2023, this reached about $1.7 trillion of the $2.1 trillion in total accumulated excess savings (green area). This latest update implies that around $430 billion of excess savings remains in the aggregate economy...If the recent pace of drawdowns persists...aggregate excess savings are likely to remain available in the overall economy until sometime in the first half of 2024..."
https://www.frbsf.org/our-district/about/sf-fed-blog/excess-no-more-dwindling-pandemic-savings/
https://www.frbsf.org/our-district/about/sf-fed-blog/data-revisions-and-pandemic-era-excess-savings/
"... Accumulated excess savings, estimated in nominal terms, totaled more than $2.1 trillion by August 2021 when it peaked...the drawdown on household savings...estimates average about $75 billion per month...As of September 2023, this reached about $1.7 trillion of the $2.1 trillion in total accumulated excess savings (green area). This latest update implies that around $430 billion of excess savings remains in the aggregate economy...If the recent pace of drawdowns persists...aggregate excess savings are likely to remain available in the overall economy until sometime in the first half of 2024..."
