Three on Thursday - Excess Savings Extinguished
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In this week’s “Three on Thursday,” we delve into some of the underlying dynamics in the Personal Income and Consumption report. We believe much of the robust consumer spending of recent years traces back to the unprecedented government stimulus provided to households during the COVID-19 shutdowns. These infusions of funds, combined with limited spending opportunities early in the pandemic, led to a significant accumulation of savings well above pre-pandemic trends. But what is the current status of these excess savings? 

Click here to view the report

Posted on Thursday, May 2, 2024 @ 11:14 AM

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.