"But perhaps most troubling is the precipitous drop in real disposable income, which fell over $1 trillion in 2022.

For context, this is the second-largest percentage drop in real disposable income ever, behind only 1932, the worst year of the Great Depression. To keep up with inflation, consumers are depleting their savings and burning through the "stimulus" checks they received during 2020 and 2021. Credit card debt continues growing, while savings plummeted $1.6 trillion last year, falling below 2009 levels."

Yep. Watched my 5K in savings drop to 2K to get by.

You are telling us...your savings acoount dwindled and you didnt take any money out? That is f**king hilarious. A 401k is not savings. It is gambling the same as the stock market. Rotflmao!!!

Ahh resort to name calling...boohoo.

I make 83K a year...

It's amazing how you can laugh at others misfortunes and imply they have a drug problem and nothing happens. But I call you a name for said laughing at other misfortunes and I get my comment deleted and you get nothing