As U.S. Consumers struggle to keep up with the costs of life in general, they are also depleting their Savings. 

These charts show annual changes in the non-liquid components of M2 

🟣Retail Money Market Funds ("MMFs")
🔵Small Time Deposits <$100K ("CDs")

As of the beginning of December🔵CD's finally saw the inevitable first month of annual declines after a staggering $800B run up, and draw down that started in September 22.   

🟣MMF's balances continue to hold their ground with a $353B increase from last year - but they too, have been experiencing gradual declines since the beginning of 2024