A Boring Dystopia

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A $5.5 trillion savings wipeout is raising risks for the US economy just as student loan payments are about to restart (www.businessinsider.com)

submitted 1 year ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] blake@kbin.social 4 points 1 year ago (1 children)

Billionaire investor Bill Gross recently weighed in on falling consumer savings levels, warning that Americans could run out of their pandemic savings later this year, paving the way for a recession.

This may be one of my favorite “out of touch billionaire” comments I’ve ever seen.

[–] TokenBoomer@lemmy.world 1 points 1 year ago

Wtf is pandemic savings?