Inflation is hitting Americans' savings hard: April 2022

Inflation is hitting Americans' savings hard: April 2022

- As prices for everyday purchases continue to surge, many American families are struggling to make ends meet. - Americans saved just 4.4% of their disposable income in April – lower than at any point since the Great Recession, and down from 12.6% a year earlier. - But the latest decline comes after an unusual surge in savings during the pandemic, as lockdowns limited spending opportunities. As prices for everyday purchases continue to surge in the United States, many families struggle to make ends meet. And even among those who manage to keep their standard of living and pay all their bills, something’s got to give. According to data from the U.S. Bureau of Economic Analysis, Americans are now saving less than at any point since the Great Recession, indicating …
More on: www.weforum.org