Covid-19 Made Americans Into Super Savers. Now They’re Hoarding Cash.

The lingering pandemic has made many people too nervous about potential worst-case scenarios to dip into their savings.

Wsjlifework, Political/General News

12/4/2021 11:00:00 AM

With no end to the Covid-19 pandemic in sight, Americans are hoarding cash as many are too nervous to dip into their savings

The lingering pandemic has made many people too nervous about potential worst-case scenarios to dip into their savings.

Americans are hoarding cash because of fatigue and uncertainty, with little chance the trend will reverse soon.Over the past two years, households have socked away close to$1.6 trillion in “excess savings,”or resources they otherwise wouldn’t have been able to save before the Covid-19 crisis, according to the Federal Reserve Bank of New York. The funds are well beyond the three to six months of emergency savings generally recommended by financial advisers.

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Is Bitcoin Still a Good Inflation Hedge?

A key U.S. inflation report published Wednesday indicates consumer prices increased 7% in December from a year earlier at its fastest pace since June 1982. Separately, Turkey's annual inflation rate has hit 36%, soaring to a 19-year high. Isaiah Douglass, a partner at Indiana-based financial planning firm Vincere Wealth Management, discusses whether bitcoin is still considered a potential hedge against rising inflation, how investors should best allocate funds between dollars and Bitcoin.

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S Korea reports record-high Covid-19 cases, deaths – latest updatesS Korea reports 5,352 Covid-19 cases, 70 deaths. Other Covid19 updates: 🇦🇺 Australia Omicron variant spreads, testing reopening plans 🇯🇵 Japan PM Kishida likely to cancel US visit due to Omicron 🇨🇦 Canada urges boosters for people 18 and over More here: Lab tests under way to find vaccine efficacy against Omicron. Other Covid19 updates: 🇳🇱 Netherlands: 18 passengers from South Africa had Omicron 🇮🇳 India detects third case of new variant 🇷🇺 Russia reports over 1,200 deaths For more:

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EU regulator begins real-time review of Valneva's COVID-19 shotThe European Union's (EU) drug regulator said on Thursday it had started a rolling review of the protein-based COVID-19 vaccine from French biotech firm Valneva , weeks after the EU signed a deal with the company for supplies of the shot.

Did a collision of COVID-19 and HIV forge the Omicron variant?The Omicron variant was probably incubated in a person with poorly controlled HIV who struggled to clear a coronavirus infection. Sewage You can’t be serious…

Strangers donate breast milk after mom of newborn dies of COVID-19This mom of six had planned to provide breast milk for her youngest child, 5-month-old Myles, through his first birthday. Just heartbreaking!!! beutiful. God bless you. cute baby. Merry Christmas Dr. Luc Montagnier reveals how Covid-19 is a lab accident He was awarded the 2008 Nobel Prize in Medicine for the identification AIDS.He currently works at University in China The accident was said to have taken place in the Wuhan National Biosafety lab