Inside the Economy: Labor, U.S. Debt, and Foreclosures

SHJ Wealth Advisors

This week on “Inside the Economy”, we explore where the economic slowdown is coming and where it is not. Household credit card debt has increased over the past few years. The outstanding interest payments for non-mortgage debt even caught up with mortgage interest payments. Does this emulate a struggling consumer? Have consumers gone delinquent? Mortgage debt is steady at 50% of GDP. What is the foreclosure inventory as a comparison? Key Takeaways: • Core CPI at 3.8 • Job openings fell to 8.9 million in January • U.S. Foreign workforce increased 5% (YOY)