Americans don't seem interested in saving money right now, despite a looming recession

Dec 7 2022 by Business Insider

 
An Amazon delivery worker pulls a delivery cart full of packages.

Brendan McDermid/Reuters

Americans stashed away savings at the lowest rate in 17 years in October. It's not all due to inflation. We're buying more and more. With a recession looming, some Americans may wish they had built more of a financial cushion.

Americans are slowly running out of money, and with a recession looming next year, it arguably couldn't come at a worse time. While elevated inflation can be blamed for some of...

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