Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says

return2ozma@lemmy.world to News@lemmy.world – 230 points –
Americans have now spent all $2.1 trillion of their pandemic savings, San Francisco Fed says
fortune.com
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Who spent 2.1 trillion?

All the multinational corporate who exploited PPP loans and then fired all their staff. You know... the important people. /s

There are also the legitimate use cases that went to corporations, exactly as Trump intended. The eligible businesses were required to have fewer than 500 employees…per location.

LISTEN I REALLY LIKE AVOCADO TOAST OK??

I think the idea is that "the people" did, 500 or 1000 at a time.