Shrinking savings and rising debt leave consumers on shaky financial footing

WASHINGTON — U.S. households have been whittling down their savings and taking on increasing amounts of debt, putting many in a weaker position to weather an economic downturn that has grown all the more likely following recent turmoil in the banking industry.
Fears of a slowing economy were renewed this week when U.S. regulators took over Silicon Valley Bank, Swiss officials…

This story appeared on, 2023-03-18.
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