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by vasilipupkin 741 days ago
It’s not that surprising. Inflation destroys your savings
3 comments

Only 21% of Americans have more than $5000 in savings. So their employment prospects should matter much more to them on any reasonable analysis.

https://www.cnbc.com/2024/01/24/how-much-money-americans-hav...

The Americans that don’t have any savings don’t necessarily have wages that keep up with inflation either. But also

https://www.usatoday.com/story/money/2024/01/14/average-net-...

Also, as we have recently seen, a larger than normal inflation rate apparently gives corporations PR cover for raising profit margins across the board.
Unemployment can be rough on the savings too.