A different way to understand the US economy
Behind the Money
The Bank of America's Earnings and Consumer Spending
Consumer spending continues to hold up. Debit and credit card use of both Bank of America and JP Morgan Chase was kind of in the up 5%ish range versus the year before. delinquency and default and loan write offs are rising, but it's not as bad as it sounds.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
