U.S. Consumers Broke But Confident, Saving Less than Rent, Debt Crisis will Slam US

First published at 18:29 UTC on December 20th, 2019.

The U.S. consumer is confident, according to Bank of America, and continues to spend, even as more people are essentially broke. We look at a GoBankingRates survey indicating that nearly 70% of U.S. consumers have less than $1,000 in savings. This...

CategoryBusiness & Finance
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