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Americans are hoarding money in their checking accounts — and that could be a problem

How much money is in your checking account? Here’s why it matters — and what it might say about you.

Markets are experiencing another period of volatility this week, and new research suggests checking account customers are doing something that indicates they don’t feel as secure as they would like about the economy. They’re not feeling as safe as some economists would have expected.

Moebs Services, an economic-research firm in Lake Bluff, Ill., analyzed over 12,000 depository call reports and compared them to the Federal Reserve monetary data for 2017. The average consumer checking balance has increased in 23 of the past 30 quarters.

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