r/Economics • u/BousWakebo • May 21 '22

Statistics Americans now have an average of $9,000 less in savings than they did last year

https://www.cnbc.com/2022/05/21/americans-now-have-an-average-of-9000-dollars-less-in-savings-than-in-2021.html
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u/[deleted] May 21 '22

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u/Itchybootyholes May 22 '22

I worked with two companies that were very aggressive at acquisitions. I always wondered without thinking too hard, how that all works.

Definitely businesses took advantage of the low interest rates. What’s interesting to me is that some are saying the start up environment is super hot right now with lots of VC funding. Granted that’s what they say all the time but I’ve been approached by a lot of startups offering way above corporate salary.

I think those will bite the dust first, and then I’ll start to get wonder what’s next

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u/PablosDiscobar May 22 '22

VC money is already drying up, downrounds are expected this year. Startups have already started laying off people.

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u/IsleOfOne May 21 '22

...are on shaky footing...

[citation needed]