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#WolffBites: US savings rate now very low 2.6% (what we save out of our disposable personal incomes). Prices up faster than wages cuts savings across Trump's 2nd term. We risk our futures if we cannot save now. Trump's economy is not "great." www.cnbc.com/2026/05/28/s...
As inflation starts outpacing wages again, Americans have less money to put aside for emergencies and other savings goals.
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www.cnbc.com
Americans’ savings rate falls to lowest level since 2022 as inflation outpaces paychecks
Professor Richard D. Wolff