"51% of adults reported that they reduced their savings in response to higher prices." https://www.federalreserve.gov/publications/files/2022-report-economic-well-being-us-households-202305.pdf The Federal Reserve Board on Monday issued its Economic Well-Being of U.S. Households in 2022 report, which examines the financial lives of U.S. adults and their
Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor. Source: https://fred.stlouisfed.org/series/CUUR0000SA0R#0 CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned
Source: https://www.federalreserve.gov/releases/g19/current/g19.pdf In January, consumer credit increased at a seasonally adjusted annual rate of 3.7 percent. Revolving credit increased at an annual rate of 11.1 percent, while nonrevolving credit increased at an annual rate of 1.2 percent. https://www.