Markets In Meltdown As ‘Economic Hurricane’ Slams Into The Consumer

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.

Put these insights into action.

This is why we created Wealthion. To bring you the insights of the world’s top money experts and then connect you with like-minded, independent, trustworthy professional financials who will create and manage an investment plan custom-tailored to you.

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