Chapters
The discussion focuses on the relationship between income growth and debt levels, highlighting that despite rising credit card debt, the debt-to-income ratio has declined due to stronger earnings growth.
- Debt-to-income ratio has declined slightly since the pandemic due to average hourly earnings growth.
- Credit card debt has reached a record high, but the burden remains manageable for most consumers.
- Disposable income growth and robust retail sales indicate a strong consumer spending environment.
Shownotes Transcript
