Primed for Takeoff It’s been over a year since the U.S. economy lurched to a halt in response to Covid-19. The outlook at the time appeared dire. Within a month of the federal government declaring a national emergency in March 2020, consumer spending fell by a third. Yet, 12 months later, it seems like ancient history. Fueled by fiscal and monetary stimulus, the economy is primed for takeoff. Consumer balance sheets have rarely been in better shape. In the third quarter of last year, American households held $15.3 trillion of cash and cash equivalents. That was $2.76 trillion, or 22%,...
Please enter your username and password below. If you have not established a password please click “forgot password”.
You have accessed a resource that is only available to Bank Director magazine subscribers and Bank Services members.
To start a subscription to the top resource for bank leaders, click here.
If you are a Bank Services Member, you can access Bank Director by logging in here or entering your magazine passcode and email in the form on the left.