People are starting to dip into the savings that they've built up over the pandemic, but it might not have an effect on inflation just yet.
People are starting to dip into the savings that they've built up over the pandemic, but it might not have an effect on inflation just yet.
“Either they don't really expect recession to come or potentially, more likely in this case, some people are feeling the squeeze perhaps from inflation and the fact that wages are not rising necessarily as fast as prices,” said Nikolai Roussanov, a finance professor at the University of Pennsylvania.
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