top of page
Search

Consumers Are All Right

  • Writer: D Dd
    D Dd
  • Sep 26, 2023
  • 1 min read

Updated: Oct 17, 2023

Despite the alarmist headlines, the growth of the use of credit is trending downwards, and that could be due to rising rates (although most current debt consumers hold was financed at low rates before the Fed started hiking) and of course, things can't grow to the sky either.


The blue line shows credit card and revolving debt growth sharply slowing, and expressed a percentage of disposable income, we're "square on the nose" sitting at pre-pandemic levels.


So in percentage terms (not in nominal dollars) in the aggregate, consumers are keeping their debt obligations on a leash.


It is indeed unfortunate, for the sake of our national discourse and a well informed citizenry, that the news media cannot live without a new crisis every day. We're in good shape. Inflation is in retreat, jobs are plentiful, and for that, we should be grateful.




9/26/2023

 
 

Recent Posts

See All
"All Real Estate Is Local"

With apologies to Tip O'Neill, there's been some talk about housing costs finally trending down. Regular followers know I've been ranting...

 
 
Featured Posts
Recent Posts
Search By Tags
Follow Us
  • Facebook Classic
  • Twitter Classic
  • Google Classic

FloMartin Securities, Inc.

Donald R. Davret, Investment Advisor Representative

www.sec.gov

www.sipc.org

 

Investment advisory services are offered through FloMartin Securities, Inc, an Investment Advisory firm. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.
All investment strategies have the potential for profit or loss. Changes in investment strategies, economic conditions, contributions or withdrawals may significantly alter a portfolio’s performance. There is no guarantee that any specific investment or strategy will be suitable or profitable for a particular client. Past performance is no guarantee of future success. We cannot guarantee that a portfolio will match or outperform any particular benchmark. None of the content should be viewed as an offer to buy or sell, or as a solicitation of an offer to buy or sell the securities discussed.



This website is a publication of FloMartin Securities, Inc. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author as of the date of publication and are subject to change.​


Information on this website does not involve the rendering of personalized investment advice, but is limited to the dissemination of general information on products and services. A professional adviser should be consulted before implementing any of the options presented

  • Wix Facebook page
  • Twitter Classic
  • Google Classic
bottom of page