Rachel Louise Ensign
speaker
574 appearances
12 recordings
1 series
first heard Jan 2018
last heard Jan 2024
Rachel Louise Ensign’s voice in public audio — every appearance, attributed to the second.
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Appearances
I have a lot of money in here and it's a huge chunk of my savings.
They have not really been saying too much, just sort of statements saying things like, we are doing Chapter 11 bankruptcy and hoping for the best outcome possible for everyone, including our customers, things like that.
So just given that they're now going through this bankruptcy process, they are not really saying too much right now.
To some extent, there is legislation that is pending right now about what's called staple coins.
So they're one of the big components of these crypto bank accounts.
Basically, they're these cryptocurrencies that are supposed to be one for one with a traditional currency like the dollar.
So, you know, you can invest in these and assume that you're not going to be exposed to the crazy swings of Bitcoin and stuff.
So there is some legislation on that.
And as a part of that, some of these operations could be more regulated, but it's not exactly clear how, and it's still pretty early.
Thanks for having me.
they're starting to kind of dig into that extra money.
And the government assistance that helped contribute to this big pile of savings, you know, those are not coming anymore.
So that is contributing to this.
Thanks for having me.
So the savings rate was at 5.4% in May.
That's below the average of the past decade, though, and it is far below the pandemic era record.
So, you know, folks are still saving, but it's really nowhere near the levels that it reached during the pandemic.
And so there is this cushion of money that folks socked away during the first two years of the pandemic.
And people are starting to tap into that.
They've tapped into, one economist estimates, about $114 billion of their pandemic savings so far.
Showing 181–200 of 574 · page 10 of 29
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