Americans are spending most of what they're earning these days: The savings rate in October was the lowest since 2005.
Thanks to higher prices and a return to "normal" life that has folks traveling and going out again, Americans are spending more and saving less.Zoom out:over the past couple of years but with inflation trending higher than wage increases, at some point, something's got to give.
"Americans’ cash war chest has been dwindling, and the spending extravaganza cannot last," writes Kroll's global chief economist, Megan Greene, in the
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