Words to Remember
Your Ego Is Costing You Money 🧠
“Saving is the gap between your ego and your income.”
Why we ran it
Core PCE had jumped to 3.1%, growth was slowing and an oil shock was bringing back the S-word, though Powell insisted this was not stagflation. When prices run hotter than paychecks, the savings rate is the one lever a household fully controls. Housel names what usually gets in the way.
From the March 20, 2026 issue: This Isn’t The 1970s →