The Consumer Has Never Been Better Prepared for a Recession

Last week we heard from JP morgan a black rock. He said cash buffers remain elevated across all income segments However with spending growing faster than income We are seeing a continued decrease in median deposits year-and-year Particularly in the lower income segments You want to know why? Because we're not paying anything in the deposits. They're making wind on the gate to this. People don't know Spending down stuff. Yeah. This is not like an investment thing All right, Jamie diamond said I think we're in an environment where it's kind of odd Which is very strong consumer spend you see it in our numbers.