Headlines from Across the MAP
Dec 02, 2021Americans are hoarding cash because of fatigue and uncertainty, with little chance the trend will reverse soon. Over the past two years, households have socked away close to $1.6 trillion in “excess savings,” or resources they otherwise wouldn’t have been able to save before the Covid-19 crisis, according to the Federal Reserve Bank of New York. The funds are well beyond the three to six months of emergency savings generally recommended by financial advisors.
- Pew Research Center: "Inflation Has Risen Around The World, But The U.S. Has Seen One Of The Biggest Increases"
- Financial Times: "China’s Population Is Shrinking, Fast"
- Visual Capitalist: "How Central Banks Think About Digital Currency"
- Visual Capitalist: "Population Boom: Charting How We Got to Nearly 8 Billion People"
- Bloomberg: "Follow the Money, Not the Latest Covid Variant"
- Bloomberg: "Fattest Profits Since 1950 Debunk Wage-Inflation Story of CEOs"
- The Wall Street Journal: "Covid-19 Made Americans Into Super Savers. Now They’re Hoarding Cash"
- The Atlantic: "America Is Running on Fumes"
