Business & Finance

America’s Cash Hoard Could Cushion a Downturn

America’s Cash Hoard Could Cushion a Downturn #Americas #Cash #Hoard #Cushion #Downturn Welcome to Lopoid

Inflation is high, the Federal Reserve is ratcheting up rates, the housing market is faltering and big retailers like Walmart have been sending up caution signals. Yet for all the ominous signs on where the economy is heading, many Americans have something they usually lack heading into a recession: A lot of cash.

Multiple rounds of government relief and a sharp reduction in expenditures on services such as travel put a lot of extra padding on U.S. households’ savings over the course of the pandemic, and most of that money is still there.

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