Inside the Economy: U.S. Household Debt, Labor, and Markets

SHJ Wealth Advisors

This week on “Inside the Economy”, we evaluate the various levels of Consumer debt and trends in the Market. Recent news has shown the appearance of layoffs in the market, but overall layoff numbers continue at 1%. Are we in crisis mode in the labor market? U.S. Household Debt has risen; however, most is held in Mortgage debt. Is the increased consumer debt an issue according to household liabilities and category of debt? Tune in to learn more! Key Takeaways: • U.S. Household Debt at $19 Trillion • Bank Deposits equal $17.5 Trillion • S&P 500 reached a 1.6% year over year Growth Rate