This chapter sheds light on the financial challenges faced by middle-income families and their concerns for the future. It discusses the impact of inflation on these families' spending habits, their reliance on credit and dwindling savings, and the question of whether these challenges indicate a forthcoming recession. The chapter emphasizes the need for careful planning to address potential economic slowdown and its implications.
Glenn J. Williams, CEO of Primerica, discusses the firm's research on the financial challenges for middle-income families. Bloomberg News Earnings Reporter Redd Brown breaks down Nike earnings. Bloomberg Businessweek Editor Joel Weber and Bloomberg News California Bureau Chief Karen Breslau provide the details of Karen's Businessweek Magazine story Society Is Not Ready for All the Future Centenarians Alive Today.
Hosts: Tim Stenovec and Jennifer Ryan. Producer: Paul Brennan.
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