Does it feel like we’re in a recession? People are constantly discussing layoffs, many Americans are in credit card debt, home ownership seems unachievable, and you probably feel like you should be making more money based on how expensive everything is. But, on the other hand, inflation is down, stocks are up, and unemployment is still (relatively) low. This is what Nicole Lapin would refer to not as a recession but a “vibecession;” it feels like we’re in a recession, even if we aren’t.
As a renowned journalist, author, and money-minded podcast host of Money Rehab, Nicole is one of the best in the industry to come on and explain the state of the American consumer, why they feel so negative toward the economy, and what good news we have going into 2025. Nicole is breaking down exactly why Americans feel so disconnected from our growing economy and the reason consumers are getting frustrated.
But it’s not just bad vibes (okay, enough with the Gen-Z verbiage); there are “bright spots” in the economy that few are paying attention to. These data points come close to proving that we may be out of recession territory and confirm that the Fed did achieve its “soft landing.” Are we on our way to finally feeling good about the economy again?
In This Episode We Cover
Why it feels like we’re in a recession even though the economy is growing
The disconnect between men and women and who’s more optimistic in 2024
Did the Fed actually achieve their soft landing and an inflation rate update
The good news on wage growth (with a BIG caveat)
Rising credit card debt and whether or not this is a precursor to economic crisis
The “bright spots” in the economy that point to some good news for Americans
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Join BiggerPockets for FREE
Find an Investor-Friendly Agent in Your Area
Dave's BiggerPockets Profile
Here’s What the U.S. Consumer Tells Us About the State of the Economy
Money Rehab
Thinking, Fast and Slow
WSJ: The State of America’s Wallet
Build Wealth in Any Market Cycle with “Recession-Proof Real Estate Investing”
Jump to topic:
(00:00) Intro
(01:50) Welcome to the "Vibe-cession"
(05:18) Men vs. Women Economic Sentiment
(06:59) Wages Grow, But...
(10:56) Consumer Debt is Climbing
(16:23) GOOD News for the Economy
(18:42) Hope for Average Americans
(21:39) Where is the Economy Headed?
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-263
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