>There’s an item in the personal consumer expenditure data called Financial services furnished without payment (107), on which Americans are going to spend roughly $600 billion this year, or $2k per person. That’s not a small amount, and it’s also growing very quickly. So what is this item? Basically, it’s “free” checking. When you keep your savings in a bank, and that bank pays you much less than the market rate of…
My home insurance jumped from $600 a year to $2300 a year from 2019 - 2025. A big boost for consumer spending indexes, but I feel really ripped off. (I shopped around last year and every company was charging the same amount)