Here’s How High-Income Americans Keep Spending in a Shaky EconomyHere’s How High-Income Americans Keep Spending in a Shaky EconomyHere’s How High-Income Americans Keep Spending in a Shaky Economy
Gemini / GoogleChecking account running low? Prices running high? Time to sell some stocks. Wealthy Americans increasingly tap investment accounts for cash, leveraging the massive stock market gains of recent years to cover the rising costs of everyday life. The share of Americans moving money from investment accounts to checking accounts has nearly quadrupled since 2015, from 2.4% to 8.2%