US citizens withdrew nearly $500 billion from their bank accounts in less than a month. writes about it RT With reference to the US Federal Reserve System (FRS) report.
According to the Fed, from March 1 to March 29, Americans withdrew about $499 billion from their accounts. This is the highest figure since 1973.
“Money is received by individuals in excess of $250,000, the maximum deposit insurance amount in the United States. Alexander Abramov, head of the laboratory of the RANEPA Institute for Applied Economic Research, shared with the publication, people are afraid that banks will not be able to return their savings to them.
Former US Treasury Secretary Janet Yellen estimated growth of the country’s economy and falling inflation. He noted that despite numerous rumors about impending problems in the country’s economy, the labor market is quite stable.