The short answer is Americans are fucked. The slightly longer: While there may be a slight improvement in savings from 2020 to 2023, there was a point where people were trending upwards in savings before it took a dive down and stagnated, which people both will notice and rightly be upset with. This fact is more significant to the population.
That is, being “I got up to 3k in my savings two years ago and thought I was finally getting ahead and now it’s down to 2.2k because of life.” Is more meaningful to a person than “Well three years ago you had 2k and now you have 2.2k after those three years of trying to save, you’re doing better, guys, better appreciate Biden’s economy”
Or: losing 800 dollars over 2 years means more to a person’s psyche than gaining 200 over 3 years.
The short answer is Americans are fucked. The slightly longer: While there may be a slight improvement in savings from 2020 to 2023, there was a point where people were trending upwards in savings before it took a dive down and stagnated, which people both will notice and rightly be upset with. This fact is more significant to the population.
That is, being “I got up to 3k in my savings two years ago and thought I was finally getting ahead and now it’s down to 2.2k because of life.” Is more meaningful to a person than “Well three years ago you had 2k and now you have 2.2k after those three years of trying to save, you’re doing better, guys, better appreciate Biden’s economy”
Or: losing 800 dollars over 2 years means more to a person’s psyche than gaining 200 over 3 years.