This chapter examines the impact of household spending on the US economy, specifically the disparities between the bottom 50% and top 50% of households. It delves into topics such as credit card debt, buy now pay later programs, government assistance, and the labor market.
Allison Schrager, Senior Fellow at the Manhattan Institute, explains why the trade-off between bringing down inflation and harming growth will come back with a vengeance for the economy. Bloomberg Technology Co-Host Ed Ludlow breaks down fourth-quarter vehicle delivery numbers for Tesla and Rivian. Dan Ives, Senior Equity Analyst at Wedbush Securities, shares his outlook for Apple and Tesla. And we Drive to the Close with Rich Weiss, CIO of Multi-Asset Strategies at American Century Investments.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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