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US Personal Spending increased by 0.8% in March, repeating the previous month's figure and beating the expected 0.6% growth. Disposable income is growing more modestly, up 0.5% in March (matching forecasts) and 0.2% in February. The increase in household spending may be due to increased confidence in future income on the background of strong employment, although pessimists may argue that this is a consequence of inflationary pressures.

The savings rate fell to 3.2% in March. The rate was temporarily lower in mid-2022, when the public had significant savings and government pandemic paychecks. The rate was persistently below current levels between January 2005 and April 2008 - during the mortgage boom. This comparison is alarming.

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US Personal Spending increased by 0.8% in March, repeating the previous month's figure and beating the expected 0.6% growth. Disposable income is growing more modestly, up 0.5% in March (matching forecasts) and 0.2% in February. The increase in household spending may be due to increased confidence in future income on the background of strong employment, although pessimists may argue that this is a consequence of inflationary pressures.

The savings rate fell to 3.2% in March. The rate was temporarily lower in mid-2022, when the public had significant savings and government pandemic paychecks. The rate was persistently below current levels between January 2005 and April 2008 - during the mortgage boom. This comparison is alarming.
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Telegram might soon let you protect your account by linking it to your email

Telegram is reportedly working on a new way to help users protect their accounts. The upcoming feature will let you link your account to an email ID, and Telegram will use it for verification every time you log in from a new device.Although Telegram has not shared any details officially, app developer and prolific reverse engineer Alessandro Paluzzi has managed to grab a few screenshots showcasing the in-development feature. As you can see in the attached tweets, the feature will give users the option to add an email ID “to protect your account.” The feature will also include a Sign in with Google option for Gmail users.

US Personal Spending increased by 0.8% in March

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