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February 15, 2023 | Consumers Getting Walloped

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Good updates in this segment on larger trends in inflation, employment and consumption.

Consumer Prices Accelerated in Jan, but Annual Growth Slowed. Here is a direct video link.

Meanwhile, as shown below, half of Americans recently surveyed report that their financial situation is worse today than a year ago (dotted line below since 1975). Just 35% said they are better off (green line), down from 60% in 2020. Past recessions saw this number bottom between 22 and 30%. The present trend is not bullish for economic growth and corporate revenues.

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February 15th, 2023

Posted In: Juggling Dynamite

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