Latest / Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes
How Stagflation Is Quietly Reshaping Personal Savings Behavior
Episode 12 of Stagflation Conversations looks at a counterintuitive trend: even as inflation erodes purchasing power and consumer sentiment hits record lows, the personal savings rate in the U.S. has actually crept up to 4.8 percent — well above the 2.3 percent trough of mid-2022. Lucas and Luna explore why households are hoarding cash despite high prices, drawing on recent JOLTS data showing job openings dropping to 6.866 million, down from over 12 million two years ago. They discuss the 'precautionary savings' channel, rising credit card delinquencies that paradoxically coexist…
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