First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/09/20/americans-have-spent-all-of-their-pandemic-savings-and-then-some-003479
<p><img src='https://www.moneymetals.com/uploads/content/Americans-Have-Spent-All-of-Their-Pandemic-Savings-and-Then-Some.jpg'/></p>Pundits love to talk up the &quot;resilient&quot; American consumer. But when you look at the big picture, it’s not a story of resilience but one of desperation.