Your Money Minute

Your 60-second money minute. Today’s topic: Lighten Up Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Your 60-second money minute. Today’s topic: One Last Homebuyer Gasp Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Guest Steve Leisman, a senior economics reporter at CNBC, dives into the alarming rise of household debt, which has surged to a staggering $18.6 trillion. He reveals that delinquencies are notably increasing, especially among younger individuals and lower-income groups. The discussion highlights the potential economic risks posed by this high debt level, particularly its impact on consumer spending, a critical driver of U.S. economic growth. Prepare for an insightful look at how rising debt could influence the economy.

Liz Everett-Crisburg, a consumer analyst at the Bank of America Institute, reveals startling trends in consumer spending. She discusses how Americans are spending more but getting less, driven largely by inflation and rising prices. Liz emphasizes that many are compelled to spend out of necessity rather than desire, reflecting the impact of economic pressures on everyday life. Her insights highlight the complexities of modern consumer behavior and the challenging landscape of financial decision-making.

Your 60-second money minute. Today’s topic: What Happened To Holiday Hiring Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Market experts Michael Lasser and Steve Odland delve into the intriguing disconnect between what consumers say and what they actually spend. Lasser highlights how strong back-to-school sales can predict holiday retail success. Odland discusses the surprising tendency of consumers to overspend during festive seasons despite claims of cutbacks, linking this behavior to job security and a cultural drive to celebrate. Their insights reveal how consumer spending remains a major force driving the U.S. economy.

Explore the pros and cons of 50-year mortgages. Long terms can feel like interest-only loans since few stay in their homes for decades. Experts warn that interest rates on these loans might actually exceed those for 30-year options, potentially erasing any monthly savings. Tune in for insights that could change your mortgage game!

Your 60-second money minute. Today’s topic: Small Business Hiring Slows Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Your 60-second money minute. Today’s topic: More Data On Weakening Job Market   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Rick Santelli, a CNBC market commentator known for his insightful financial analysis, joins the discussion about alarming consumer sentiment levels. He highlights how current figures are the weakest in decades, drawing parallels to the tumultuous late 1970s. The conversation dives into the reasons behind this sentiment dip, including rising inflation and challenges faced by lower-income Americans. Tune in for an enlightening look at the state of consumer confidence and its implications for the economy.