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cover of episode Consumers are Now Terrified About the Economy

Consumers are Now Terrified About the Economy

2024/11/11
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Eurodollar University

Chapters

Consumers are using credit cards less, indicating pessimism about job security and income. This behavior reflects broader economic anxieties and aligns with concerning trends in the labor market and overall spending.
  • Declining credit card usage reflects consumer caution.
  • Reduced spending indicates job and income insecurity.
  • Consumers prioritize paying down debt amidst economic uncertainty.

Shownotes Transcript

Credit card usage isn't really about spending. Americans use their credit cards when they're confident about jobs and incomes. The latest data from the Fed contains a more serious warning especially how it lines up with jobs and income data...and the Fed's actions. 

Eurodollar University's conversation w/Steve Van Metre

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