Savings & Retirement
Cash-Strapped Americans Are Drawing Down Savings as Pandemic Divisions Widen
Survey shows one in four consumers pulled money from their savings in December, the most so far during the Covid age.
Photographer: Nina Westervelt/Bloomberg
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The second round of stimulus checks can’t come fast enough for increasingly cash-strapped Americans.
One in four consumers pulled money from their savings in December, the most so far in the pandemic, according to a new survey from financial comparison website MagnifyMoney.