CNBC: According to Sung Won Sohn, professor of finance and economics at Loyola Marymount University and chief economist at SS Economics, up until now, most Americans have benefited from a few government-supplied safety nets, most notably the large injection of stimulus money, which left many households sitting on a stockpile of cash after 2020.
Source: CNBC
Only 19% of Americans Increased Their Emergency Savings in 2023. That ‘Puts Households in a Bind,’ Expert Says
