Inside the Economy: Consumer Debt & Economic Slow Down

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss consumer debt and the pending economic slowdown. Credit Card and HELOC balances have ticked up over recent months, but despite this, there has been limited delinquency in student loans, mortgages, and HELOCs. Auto loans and credit cards on the other hand have shown a slight uptick in delinquencies. What does that mean for the consumer as we move into the second half of the year? There is still lots of talk of “recession” on the horizon, as we see unemployment above 4%, but looking at the other data around the economy, does a slowdown seem more likely than recession? Revenue growth within the S&P 500, after a period of earnings recession, is beginning to normalize, reflecting a more balanced economic landscape. Tune in to learn more! Key Takeaways: • Headline inflation drops below 3% • Oil remains under $80 • Unemployment at 4.3%