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Americans have more cash savings than before the pandemic, JPMorgan data says (Video)

New data from JPMorgan Chase shows Americans have more money in their bank accounts than before the pandemic, but households across the country are quickly spending that extra cash. Abha Bhattarai, an economics correspondent for the Washington Post, joined CBS News to talk about the numbers.

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Americans have more cash savings than before the pandemic, JPMorgan data says (Video)

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Americans have more cash savings than before the pandemic, JPMorgan data says (Video)

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Summary
Americans have more cash savings than before the pandemic, JPMorgan data says (Video)
Title
Americans have more cash savings than before the pandemic, JPMorgan data says (Video)
Description

New data from JPMorgan Chase shows Americans have more money in their bank accounts than before the pandemic, but households across the country are quickly spending that extra cash. Abha Bhattarai, an economics correspondent for the Washington Post, joined CBS News to talk about the numbers. CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews Watch CBS News: https://cbsn.ws/1PlLpZ7c Download the CBS News app: https://cbsn.ws/1Xb1WC8 Follow CBS News on Instagram: https://www.instagram.com/cbsnews/ Like CBS News on Facebook: https://facebook.com/cbsnews Follow CBS News on Twitter: https://twitter.com/cbsnews Subscribe to our newsletters: https://cbsn.ws/1RqHw7T Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: licensing@veritone.com