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Recession Outlook: Savings Has Dropped to ‘Crisis Levels’

Source link : https://sanfrancisco-news.net/2024/09/25/news/recession-outlook-savings-has-dropped-to-crisis-levels/

US consumers are flashing a key signal that has typically preceded a recession — and investors have reason to be on high alert for more signs of weakness, according to Société Générale. The bank pointed to the decline in the personal savings rate in the US, with households saving less than 3% of their disposable […]

The post Recession Outlook: Savings Has Dropped to ‘Crisis Levels’ first appeared on San Francisco News.

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Author : SanFrancisco

Publish date : 2024-09-26 03:58:20

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