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But we saved everything 🙂.
Bob Elliott, co-founder / CIO at Unlimited, observes a rising trend of households transferring money out of their securities accounts to meet daily expenses in recent years. This pattern is especially notable at the higher end of the wealth spectrum and spans across all age groups, not limited to boomers.
Elliott describes this as a clear example of a dissaving-driven economy.
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Elliott has previously highlighted how elevated housing prices are sustaining U.S. consumer spending despite weak fundamentals. He has also pointed out that copper prices surged 50 percent to record highs over the past year. These observations reflect Elliott’s ongoing focus on key economic and market drivers.