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The Macro Update (Q1 2023) With Eric Basmajian (EPB Macro Research)

Investing Experts

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What's Going to Happen to Consumer Credit?

Sally Kohn: Consumers had a lot of savings after the stimulus payments, but they began to drain down as we moved into 2022. She says inflation rates started to increase on the goods that they were consuming. The personal savings rate has dropped to the two to three percent range, which is historically extremely low," she said. "Now what's going to happen is the savings rates going to have to rise"

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