Personal household savings have declined from over $4.8 Trillion in Q2’2020 to less than $800 Billion. Meanwhile, high interest rate credit card debt has grown from around $800 Billion to nearly $1 Trillion, over the same period. Consumers have been likely maintaining purchasing behavior through this inflationary period using both debt and savings. How long before the proverbial purse strings are pulled?

Research Highlights - 03/08/2023
March 08, 2023