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Research Highlights - 03/08/2023

Research Highlights - 03/08/2023

March 08, 2023

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?