Your Money Minute No Economic Crisis...Yet 4/17/25
Apr 17, 2025
The discussion kicks off with the intriguing divide between how Americans feel about the economy versus their actual spending. Job security and the unemployment rate are highlighted as key indicators of stability. Despite rising concerns, spending habits reveal a more complex picture, suggesting that all might not be as dire as it seems. Tune in to unravel the nuances of economic sentiment today!
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Consumer Sentiment Vs Spending
- People feel negative about the economy due to worries about prices and tariffs.
- However, actual consumer spending remains strong so far, indicating no immediate panic.
Stabilizing Economic Indicators
- The unemployment rate remains low which supports economic stability.
- Credit card delinquencies have plateaued after rising sharply post-pandemic.
Monitor Spending for Trouble
- Watch consumer spending patterns closely as a sign of economic health.
- A sharp spending pullback typically signals a bigger slowdown and potential job losses.