Personal savings have plunged — how to boost your savings in case of a recession

When it comes to red flags, this is a big one. Americans’ personal savings have plummeted this year, hitting $629 billion in the second quarter of 2022, according to the Federal Reserve Bank of St. Louis. That’s down from $1.98 trillion in the second quarter of 2021 and $4.85 trillion in the second quarter of …

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