Follow on:

The situation for the consumer continues to deteriorate – hot inflation, too much debt and a rising cost of capital, a fast-cooling housing market, and a deteriorating jobs picture — including several emerging headwinds that were hardly on the radar until recently.

As always, the goal here is to keep you well-informed so that you’re able to take prudent action today to reduce your exposure to what’s ahead, and possibly even position yourself to prosper from it.

OK, first off, a reminder: consumer spending makes up nearly 70% of GDP. Where the health of the US consumer goes, so goes the US economy:

And right now, in a nutshell, the US consumer is getting squeezed.

Inflation continues to run hot, raising the cost of living to painful levels for essentials like food, rent & gas:

While at the same time, the cost of capital is rising. This impacts everyone getting a mortgage, an auto loan, or using a credit card to buy groceries. They can afford to buy less, because the debt they’re taking on now costs more.

The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.

While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as official investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor.

We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.

The world of finance and investment is intricate and diverse. It’s our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.

Put these insights into action.

This is why we created Wealthion. To bring you the insights of some of the world’s experienced wealth advisors and then connect you with like-minded, independent financial professionals who will create and manage an investment plan custom-tailored to you. We only recommend products or services that we believe will add value to our audience.  Some links on our website are affiliate links. This means that if you click on them and use the affiliate’s services, we may receive a payment from the vendor at no additional cost to you. 

Schedule a free portfolio evaluation now.