It's back to reality for cash-strapped consumers as pandemic stimulus payments dry up [Yahoo! Finance]
LPL Financial Holdings Inc. (LPLA)
Last lpl financial holdings inc. earnings: 4/30 04:05 pm
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Source: Yahoo! Finance
Consumers have been drawing down those excess savings over the past three years, using the money to deal with inflation and other pressures. But the excess savings, in the aggregate, officially dried up earlier this year, noted Jeffrey Roach, chief economist for LPL Financial in a recent report. The money had been distributed in three main rounds from early 2020 to early 2021. With the relief funds drying up, more people have been struggling to pay bills, bank deposits have declined, credit card balances have pushed above $1 trillion and other financial problems have worsened. Still, the depletion of stimulus funds might not be enough to slow the economy by much, and cash-stressed consumers have options to improve their situations, if they haven't tried them yet. Roach indicated in his commentary that excess savings peaked at $2.1 trillion in August 2021, citing data from the Federal Reserve System, the Bureau of Economic Analysis and other sources. Early in the pandemic, consu
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LPLA
Earnings
- 4/30/24 - Beat
LPLA
Sec Filings
- 6/18/24 - Form 4
- 6/14/24 - Form 4
- 6/14/24 - Form 144
- LPLA's page on the SEC website