00:00A study conducted by the JP Morgan Chase Banking and Finance Corporation has shed light on how
00:15Americans are managing their money to save and avoid inflation. Here's what it's all about.
00:23The first thing you should know is that JP Morgan Chase has a think tank to conduct
00:27data-driven analysis and research that helps people make decisions in various areas,
00:31but especially in economic matters. On this occasion, the financial institution based its
00:38analysis of 4.7 million regular accounts to reach the conclusion that debit and savings
00:43accounts are not meeting the needs of bank users. For the company, the new trend responds to a period
00:50of high inflation and economic uncertainty due to the tariff policies promoted by the Trump
00:54administration. It turns out that people have been transferring their cash to investment
01:00accounts that allow them to earn dividends on the money saved. This is in comparison to
01:06traditional accounts that only allow savings, which are generating very unsatisfactory results.
01:13In this regard, the analysis indicates that families that deposit their money in checking
01:18and savings accounts continue to see their incomes remain low with a flat growth trajectory,
01:22while those that opt for investments see an increase that approaches the inflation trend.
01:29They point out that regular accounts include brokerage,
01:32money market funds and certificates of deposit to assess people's well-being.
01:38One of the biggest challenges that banking institutions have faced recently is keeping
01:42consumer spending active despite the lack of growth in savings accounts,
01:46argued the president of the JP Morgan Chase Institute, Chris Wee.
01:49To learn more, visit www.2001online.com.
