Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens
PYMNTS
SEPTEMBER 29, 2020
But they show an increasing interest in online banking, an attempt to grow savings — and a higher debt burden. At a high level, noted the Federal Reserve, between 2016 and 2019, real gross domestic product grew at an annual 2.5 Between 2016 and 2019, the proportion of all families that saved increased from 55 percent to 59 percent.
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