The chapter discusses the financial situation of different income demographics, highlighting the trade-offs and challenges faced by higher-income earners. It expresses concern for lower-income families and mentions upcoming issues such as the resumption of student loan payments. The chapter also addresses the impact of inflation and the decreasing personal savings rate on consumer distress.
The outlook for major retailers depends a lot on whether their core customers are feeling the pinch.
(00:38) Jason Moser and Bill Mann discuss: - Troubling signs on consumer savings rates dropping and more people dipping into their 401ks. - How the consumer crunch is affecting retailers like Dollar General, Big Lots, Five Below and Chewy.. - Why Lululemon is bucking the trend, and Salesforce is cruising despite tighter budgets in enterprise software too.
(19:06) Certified Financial Planner Matt Frankel talks about how student loan borrowers can prepare for payments to begin again in October and the new programs in place to help borrowers. - You can find the Department of Education’s website and resources here. - And here’s the White House’s fact sheet on the SAVE plan
(30:34) Jason and Bill break down two stocks on their radar: TakeTwo Interactive and Samsara.
Stocks discussed: DG, BIG, FIVE, CHWY, LULU, CRM, TTWO, IOT
Host: Dylan Lewis Guests: Bill MAnn, Jason Moser Engineer: Rick Engdahl
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