Saving – Household Spending as % of Disposable Income and 10-Year Treasury Yield As the chart shows, lower yields force households to save more (hyper-globalization 2001-2020). This is a vicious cycle, as forced saving depresses demand. Image: BofA Research Investment Committee
Personal Saving Rate and U.S. Household Savings rate hits its highest level in 40 years, as Americans are accumulating cash. Image: BofA Research Investment Committee
U.S. Household and Personal Saving Rate Americans are accumulating cash, as savings rate hits its highest level since 1981. The Daily Shot – The Wall Street Journal
Aggregated Daily Total Card Spending for U.S. Households That Received CARES Stimulus Payment vs. Those That Did Not This chart suggests that CARES stimulus payments are working, as U.S. households immediately boosted spending. Image: Bank of America Merrill Lynch
Percentage of U.S. Households with No Emergency Savings Acount, by Income 40% of U.S. households don’t have $400 for an emergency expense, and 53% don’t have any emergency savings. Image: Deutsche Bank Global Research
Share of Household Equities and Mutual Funds Owned by the Bottom 90% Chart showing that share of household equities and mutual funds owned by the bottom 90% has been counter-cyclical. Image: Goldman Sachs Global Investment Research
Inequality – Breakdown of U.S. Households’ Equity Ownership The top 1% own more than 50% of stocks held by US households. Image: Financial Times
Inequality – Share of Population in Middle-Income Households and Annual Median Income The middle class is shrinking rapidly in the United States. It’s at the same level as China, Turkey and Russia. Image: Deutsche Bank Global Research
Leverage in the U.S.: Households and Corporations This chart shows the divergence between U.S. non-financial corporations leverage and households leverage. U.S. corporation debt reached a record level of $10.12tn. Image: Gavekal, Macrobond
U.S. Household Debt American debt hits a record high of $13.95 trillion and represents about 73% of GDP vs. about 83% a decade ago. Image: Reuters