Inflation-hit Americans watch savings disappear

The "strong" economy is a myth. Americans are draining their savings at the fastest rate in four years just to survive 3.8% inflation. With the savings rate crashing to 2.6%, we aren't resilient—we're desperate. Even worse, the Fed is now discussing further interest rate hikes, not cuts, to crush this persistent price growth. If you're waiting for a rate cut to save your portfolio, you're dreaming. Is the American consumer finally hitting a breaking point?
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