US households are struggling to save money...

"Americans’ savings rate falls to lowest level since 2022 as inflation outpaces paychecks"

"The personal savings rate fell to 2.6% in April, down from 5.8% a year earlier."

"I thought 2.6% for April was a typo at first. It is so low," Heather Long, chief economist at NFCU, said.
The personal savings rate has almost never been this low in the past 65 years."

"It’s more than just high gas prices. It’s rising electricity, healthcare and food prices."

"Many Americans are relying on credit to get by. Over a third — 37% — of Americans say they will have to use a credit card,
Buy Now Pay Later or other type of loan to cover at least some of their expenses this month."

Or as Trump would say, "We have hottest economy anywhere in the world by far!"

cnbc.com - Savings inflation americans financial stress