There's more to the story than 'excess savings are gone' 🤔

Just because one tailwind fades doesn't mean the economy is in trouble 💨

(Photo by Andre Taissin on Unsplash)

I’m seeing more and more headlines about how excess savings have been depleted and how the development could spell trouble for the economy.

While I agree that these savings are at least near depletion, I think it’s part of a more nuanced story about the U.S. economy.