TKer by Sam Ro

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Consumer finances are in remarkably good shape ๐Ÿ’ฐ
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Consumer finances are in remarkably good shape ๐Ÿ’ฐ

Some metrics have gotten 'worse,' but they're nowhere near 'bad' ๐Ÿ‘

Sam Ro, CFA
Dec 20, 2022
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Consumer finances are in remarkably good shape ๐Ÿ’ฐ
www.tker.co
(Source: Pexels)

In recent months, youโ€™ve probably read about saving rates coming down and credit card balances going up.

Both observations are true.

But most of these scary headlines miss the full story, which is far more bullish than bearish.

While a growing number of consumers may be facing financial hardship, consumer finances overall continue to be in much better shape today than where they were before the pandemic. This is very good news in an economy facing its fair share of headwinds.

Consumer savings are actually high ๐Ÿ’ฐ

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