Second Quarter 2022 Insights and Observations
Submitted by Corrigan Financial, Inc on June 15th, 2022After being in Covid-19 lockdown and receiving three rounds of stimulus payments, U.S. households were able to stash away a substantial amount of extra cash. According to Moody’s Analytics, from the beginning of the pandemic through the end of 2021, U.S. households had built up an additional $2.7 trillion in savings. Moody’s estimates that households have tapped about $114 billion of these extra savings through the first five months of 2022.
