Stephanie Pomboy: The ”Spent Up & Lent Up” Consumer Is Tapped Out

2024-05-12

Download

It feels like a tale of two economies right now. If you ask an economist, chances are you'll hear that the US is doing great, growing faster than its G7 peers, with low unemployment and a stock market back near all-time highs. But if you ask the average man on the street, you'll likely hear a very different story. One of hardship, where wages aren't keeping up with the massive spike in cost of living, where companies are reducing hours, freezing hiring or actively laying workers off, and households are...

It feels like a tale of two economies right now.

If you ask an economist, chances are you'll hear that the US is doing great, growing faster than its G7 peers, with low unemployment and a stock market back near all-time highs.

But if you ask the average man on the street, you'll likely hear a very different story.

One of hardship, where wages aren't keeping up with the massive spike in cost of living, where companies are reducing hours, freezing hiring or actively laying workers off, and households are increasingly forced to turn to expensive credit cards to fund living essentials.

Which of these is more accurate?

And are things likely to get better or worse from here?

For an expert view, we're lucky today to talk with Stephanie Pomboy, economic and market analysis and proprietor of MacroMavens.com

Follow Stephanie at https://macromavens.com/

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

#inflation #deflation #recession

Comments (3)