Britain's love of saving casts a shadow over Starmer's growth hopes [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Yahoo! Finance
The move unleashed enormous changes: suddenly borrowing was easier than ever. Women in particular were liberated as the bank, unusually for the time, did not require a man to support their application for credit. The decades that followed saw a boom in borrowing, ranging from mortgages all the way through to payday loans. By the financial crisis, households had £1.3 trillion of debt, according to Bank of England data, far outweighing the £1 trillion held in their bank accounts. The borrowing binge helped to drive economic growth as free-spending Britons bought everything from houses and holidays to meals out and concert tickets. Not so today. After a lean decade following the financial crisis, the pandemic decisively broke the country's addiction to debt. Now, households owe £1.6 trillion – but have savings of almost £1.9 trillion. “Britons are becoming more German,” says Yael Selfin, chief economist at KPMG UK. “They're becoming more frugal and careful. In the past people
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GS
Earnings
- 7/16/24 - Miss
GS
Sec Filings
- 9/20/24 - Form 424B2
- 9/19/24 - Form 424B2
- 9/19/24 - Form 424B2
- GS's page on the SEC website