Upper income quintiles have excess savings while lower income quintiles do not, but falling gas prices and moderating grocery prices help lower income quintiles significantly and support demand.

factualpending

Speaker

Jack Farley

Evidence Quote

“maybe the upper income quintiles are you know they have a lot of excess savings but the lower income quintiles they don't okay but at the same time let's talk about that I mean gas prices are down a lot”

Source

Why The 2023 Recession Never Happened | Neil Dutta— Forward Guidance
Created: 8/12/2026, 6:02:32 PM

My Notes

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