April 17, 2024

AndronETalksNews

AndronETalksNews

Americans Pull $472,000,000,000 Out of US Banks in Three Months As Depositors Exit in Historic Numbers

The Daily Hodl

June 2, 2023

New numbers from the Federal Deposit Insurance Corporation (FDIC) show Americans are pulling their money at a pace not seen in yearly four decades.

According to the FDIC’s newly-released quarterly report, depositors took a total of $472 billion out of their accounts in the first quarter of this year – shattering a 39 year record.

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