Americans Are Dipping Into Savings

Washington Post: “Americans are still spending money so strongly it’s steering the economy through growing inflation, but rising prices are starting to take a toll on savings accounts and summer vacation plans.”

“While gas prices have surged since the Iran war began, raising costs for groceries and transportation, tax refunds and stock market gains have been helping buffer the pain for some Americans who are still spending. Although, many Americans are reducing how much money they are saving, data shows.”