There’s ‘More Distress’ in Low-Income Households, But Households ‘Generally’ in ‘Very Good’ Shape
In an interview with CNBC published Monday, Treasury Secretary Janet Yellen said that “some low-income consumers have probably exhausted their savings buffers.”[s] On top of what they’ve been accumulating during the pandemic, we’re seeing a trickle of suffering at the household level. However, despite this, “our economy is good and strong,” “very strong domestic demand” […]
People Are Generally Happy with Their Personal Situation, But Worry About Their Neighbors, Whole Economy
In an interview with WBUR's “Here and Now” on Thursday, Treasury Secretary Janet Yellen said that people “tend to be pretty positive” about their financial situation, adding that “some of the concerns they express are… We need to do more with our neighbors and nations.” As the economy as a whole. He also said, “People […]