But eek— At ~5% savings rate, Americans should be saving more (imho), but it is difficult to do so when prices are high. Unfortunately, people are also racking up credit card (CC) debt.
Fed rate cuts (meant to stimulate economic growth) could help Americans bring down CC debt if they can negotiate lower interest rates with lenders.
/5 of 7🧵
#economics #USA #MyTwoCents
ˈdälfən™🐬 💥 🌊 /
npub17x…cdzht
2024-11-09 03:23:50
in reply to nevent1q…qj3q
Author Public Key
npub17xfj72mkgqejgm5zxwa85078jz6wpapv4ec8tqtxs6tkgmg9w69sycdzhtPublished at
2024-11-09 03:23:50Event JSON
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