bank accounts economy savings.

New research finds that more Americans are shifting their money from checking and savings accounts into financial vehicles that pay an investment income. The trend  helps to explain the resilience of the U.S. economy after a bout of high inflation and recent uncertainty due to tariffs. The analysis by the JPMorganChase Institute examined the accounts of 4.7 million households. It found that people’s total cash reserves are increasing after including brokerage accounts, money market funds and certificates of deposit to assess people’s well-being. This helps to explain the strong consumer spending even though checking and savings account balances were below historical trends.