14 lines
1.3 KiB
JSON
14 lines
1.3 KiB
JSON
{
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"HubID": "5184",
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"Date": "3/17/2025",
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"HubTags": [
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"External Platform Posts",
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"Future Map"
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],
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"Contacts": "",
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"Companies": "",
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"File": "",
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"Image": "5184__Image_URL.jpg",
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"Summary": "Consumer survey on expected business conditions is reached record high across the last 45 years. High marks like now tend to be indicative of recessions. Are we in one now? Will be be in the near future? No one knows and we can't predict the near term. As of Q4 2024, the average U.S. household's credit card debt surpassed $10,000, adjusted for inflation, for the first time since 2009. Major lenders, like American Express and Capital One, have seen stock declines averaging 12% in 2025, outpacing the S&P 500's drop. Says one economist: “We’re seeing heightened credit stress among high-income consumers.” The rate of late payments among high-income consumers (earning $150,000 or more) has more than doubled from January 2023 to January 2025. A February survey by the Federal Reserve found consumers felt they had a 14.6% chance (the highest since April 2020) of being unable to make minimum debt payments in the next three months. Consumers, especially the upper income brackets, have kept the economy sound, but is that now breaking down?",
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"Notes": ""
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} |