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…#siliconvalleybank #firstrepublicbank #gregorydaco #eyparthenon #goldmansachs #commercedepartment #bankofamerica #tedrossman #bankratecom #jpmorgan
Source: Reuters: Health - Category: Consumer Health News Source Type: news