“For a lot of people, this is not, ‘I’m going out and buying something fancy.’”

Jill Schlesinger, CBS news business analyst and author of The Great Money Reset, regarding the great swing in finances for many Americans over the last several years. The pandemic-induced federal aid resulted in the highest personal savings rate on record which was quickly followed by high inflation that has caused a nearly 30 percent increase in debt for millennials since before the pandemic to about $3.8 trillion. (NPR — March 8, 2023)