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pandemic savingsBNN
•77% Informative
Pandemic savings cushions that helped Americans weather high prices in recent years have worn through, contributing to a loss of consumer firepower.
Executives are flagging caution among shoppers in recent earnings calls, and retail sales barely increased in May after falling the month prior.
U.S. household debt has reached a record and more Americans are falling behind on their credit card payments.
Some Americans have seen their wealth grow thanks to a surge in home values and record-high stock prices.
Continued spending by these individuals could bolster consumer outlays in the aggregate, even if others are forced to dial back spending.
Still, estimates of how much pandemic-era savings remain in Americans ’ pockets carry uncertainty because economists use varying methods of calculation.
VR Score
88
Informative language
94
Neutral language
57
Article tone
semi-formal
Language
English
Language complexity
55
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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