Investing Experts cover image

The Macro Update (Q1 2023) With Eric Basmajian (EPB Macro Research)

Investing Experts

CHAPTER

What's Going to Happen to Consumer Credit?

Sally Kohn: Consumers had a lot of savings after the stimulus payments, but they began to drain down as we moved into 2022. She says inflation rates started to increase on the goods that they were consuming. The personal savings rate has dropped to the two to three percent range, which is historically extremely low," she said. "Now what's going to happen is the savings rates going to have to rise"

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.
App store bannerPlay store banner