The era of excess savings — one of several factors behind the U.S. labor shortage — may be coming to an end.
: “When looking at personal savings, it shot up last year, but has been working its way back down to equilibrium.” Ron Hetrick, Senior Economist at Emsi Burning Glass said on LinkedIn recently.
“We are watching those savings rates, as well as credit card debt, to see that eventually people will hit their cap, which is a good sign because it may mean that some people are getting ready to come back to work.”The worker crunch is economically unsustainable, and it'sAxios on facebook
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