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Excerpt from CNBC quoting DataTrek Research:
.... " Americans are holding a lot of cash. Balances in money market funds hit $353 billion over the past three years, a 55% increase, according to analysis from research firm DataTrek. Deposits in U.S. banks also increased 11% during the same time period"....
Read the full article here on CNBC!
Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.
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