Americans are saving less than ever; the personal savings rate has fallen to around 3%, near historic lows, as households drain their cushion to keep up with everyday costs. In this clip, Patrick Bet-David breaks down what the latest data from Goldman Sachs and JPMorgan really shows: wages lagging inflation, families pulling from investments to cover the bills, and what a shrinking savings buffer means for where the economy heads next. Are Americans one surprise away from real trouble?
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida. He currently resides in Ft. Lauderdale, Florida
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