The Business News Headlines 18 October 2023

While most economists have predicted that the U.S. would fall into a recession, which would tank the economy, that has not happened.  The reason?  The American Consumer and we'll take a deep dive into the driver of family wealth in this episode. Meanwhile, if you want to reach us on social media and if you're on Threads you can find  us @Insight_On_Business. And you can hook up with us all day on Twitter or "X" @IOB_NewsHour and on Instagram.  Here's what we've got for you:

• Rapid increase in median family wealth kicks us off;
• Elon Musk wants to charge new X users and why;
• Employer based health insurance rates make the news;
• The spending habits of young adults are changing;
• The Wall Street Report;
• The Fed to look at "Swipe Fees" and why that matters.

Thanks for listening!

The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on  PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.