CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
The Daily Hodl 2023-07-05 00:04:03

$1,760,000,000,000 in Americans’ Savings Burned Since 2020 As Credit Card Debt Hits All-Time High

Americans have burned through a staggering $1.76 trillion in savings since 2020, according to new consumer data. Stats from the Federal Reserve show Americans reached a peak of $2.3 trillion in savings between 2020 and 2021. Today, that number is down to $533 billion, according to new numbers from the U.S. Department of Commerce and The post $1,760,000,000,000 in Americans’ Savings Burned Since 2020 As Credit Card Debt Hits All-Time High appeared first on The Daily Hodl .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.