Personal Finance

The US consumer is starting to freak out

The share of monthly income Americans set aside for savings was 3.4% in December, down from 7.5% a year earlier and from a record high in April 2020.

GDP increased in the 4th quarter, easing recession fears

GDP increased in the fourth quarter of 2022, according to the latest estimate by the BEA. Despite overall positive economic indicators, Americans are still struggling with inflation and are turning to credit to cover higher expenses.