Lacy Hunt: Prepare For Recession, The Fed's Optimism Is Wrong
Thoughtful Money with Adam Taggart
Debt Impacts on Future Spending
The economy is currently experiencing a stimulus driven by consumers bringing down their savings rates to historic lows and financing their lifestyles through increasing debt. However, this trend is not sustainable as consumers will eventually reach debt saturation. Debt is described as an increase in current spending in exchange for a decline in future spending, and if the debt taken on does not generate an income stream to repay the principal and interest, it will lead to financial challenges.
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