U.S. consumers continue to burn through their pandemic savings and are taking on more debt as they face high prices on everything from food and housing to entertainment.
Marianne Lake, co-chief executive of JPMorgan Chase’s consumer bank, said at a December conference that before the pandemic, the bank’s lowest-income clients had on average 12 days’ worth of cash on hand. Today, that average is around 15 days, meaning consumers are close to spending down money they socked away during the pandemic.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com
SWAMPSCOTT — The Swampscott Education Association has released a statement expressing its displeasure...
NAHANT — The town has announced that the sewer pipes on Ward Road have been fully replaced as part of...
Brian T. Watson Almost exactly one year ago in this newspaper, I wrote a combined status report and...
LYNN — Amado Merida waited 594 days to reopen his pizza shop that was shut down due to a fire on Sept....
SAUGUS — Before it ceased operating in 1958, the Saugus Branch Railroad provided easy transportation...
Lauren Johnson I’ve been to prison three times, but everyone — including me — thought that my...
Three people seriously injured, impaired driver arrested in Southold crash
Phasing Green: Shifting Your Business Toward Sustainability
Louisa F. Panagopoulos – The Suffolk Times
Adrienne A. Fuchs – The Suffolk Times
Monday’s big stocks to buy like Nvida
Meet Ceili, Cutchogue-New Suffolk Free Library’s therapy dog
Lynnfield looks to fill vacancies
Lynn Fire welcomes seven new members
The reason why was for the Y
English baseball takes one from Classical as weeks tick away
Athlete of the Week – Brooke Lomasney – Peabody girls lacrosse
Pioneers run winning streak to eight games