Household assets have increased by 32% since January 2020, while liabilities have only increased by 24%, resulting in a widening gap between assets and liabilities. This indicates that individuals are accumulating wealth at a faster pace than their debts are growing. Financial advisors often find themselves needing to explain to clients that their portfolios have surpassed initial expectations due to this rapid wealth accumulation.
On episode 135 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Liz Young of SoFi to discuss: the Fed, Nvidia's new chip and where the stock goes from here, what could change the bullish market environment, the mixtape generation, and much more!
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