Consumers are feeling the pressure of inflation as household delinquencies continue to rise
CNBC’s Steve Liesman joins 'Power Lunch' to discuss the health of the consumer balance sheet.
Жүктеу.....
Пікірлер: 47
@vsFY202324 күн бұрын
It’s amazing how everyone up until a couple weeks ago everyone was saying how great the consumer was. Now everyone is getting worried. Same thing happened in 2000 and 2008, everything was awesome until it’s not.
@Seanpfree24 күн бұрын
This is THE END of first-time home ownership and the slow death of the middle class in a generation. 77 bids over 4 years for our first home as native Tennesseans ALL OUTBID by cash investors. Wonder why we Millenials & Gen Z are doom spending? Why we aren't having kids, getting married? We CAN'T afford a home, car, kids, retirement... Child care costs 1/3 of the average income PER CHILD. At 35 y/o kids and a first home passed us by. Don't be surprised that these younger generations want to see it all burn. This economy isn't for us. It never has been. We've been forced out to funnel more wealth to top elites.
@Ja50nkAt
24 күн бұрын
To the BOOMERS, those that already own the assets, old people vote for old people to keep their entitlements plump.
@brent4073
24 күн бұрын
Fiat currency slavery.. if only there was some new digital fixed currency that everyone could easily buy in ETF form...
@autoimmunitycurse
24 күн бұрын
The trick is to get seller to bite offer. Go above asking within 24 hrs of listing and tour same day, bank appraisal will correct it down. Our agent was a rockstar and it worked. Seller even paid for new roof once inspector laid out what needed to be upgraded to code.
@billmoyer325424 күн бұрын
I just tried to buy a sink on Amazon that was $38 2 years ago. It's $68 now. How do you think folks absorb increases like this?
@LastDays7724 күн бұрын
Probably could have found this out much sooner without the data if they simply gave a damn. Not until it affects their investments.
@davidtunstall645424 күн бұрын
I think stagflation is just around the corner, if not already here
@mikeweber1416
24 күн бұрын
Oh its here already. Well said
@DillonFrancis31
24 күн бұрын
In the transportation industry here. I lease and rent freightliners in Las Vegas. Somehow the city seems to be going strong (financially) but the transportation industry is experiencing stagflation for sure. All I know is my mom never worked growing up. I make six figures and am not struggling but I really don’t think I could support a family. Crazy how much can change in 4 years.
@jodame392524 күн бұрын
Too much too dangerous for low consumers. Scary stuff!
@ywtcc24 күн бұрын
Debtors need more wages, not less inflation. There just isn't a way to pay down debt without wages! Inflation's a thing, but if it's rising wages that's causing it, then that's unavoidable, as far as debtors are concerned. It's non wage earners and creditors that never like inflation. So, this anti inflation thing is real popular among people that don't work for a living.
@johnhenry464925 күн бұрын
Lots of layoffs. Liar Liar pants on fire 🔥
@Bones2Faded-dl7fq24 күн бұрын
That looks/ sounds like my portfolio
@williambudd285024 күн бұрын
Its easy. Do without rip off merchandise like that. I do and so can you. I thoroughly enjoy telling companies and their sales people NO! NOW GO AWAY!
@williambudd285024 күн бұрын
I don’t feel that presure because I live within my income. That gives me the ability to say no to high priced ripoff products and services.
@grandmiserthe3rd43424 күн бұрын
Bidenomics can be expensive .....!!!
@mbanderson8324 күн бұрын
Holy cow have you not seen the lay off trackers? Wtf are you talking about? Indeed just laid off 10% of its workforce today. INDEED...
@RoughNeckDelta
24 күн бұрын
In absolute numbers it was 1,000 people in a country of 333 million people. You mind putting that in percentage terms for me?
@dariafaucett3524
16 күн бұрын
@@RoughNeckDeltaI work at a nursing facility tell me why they’re sending CNAs home and forcing the others to work over legal patient to nurse ratios? Company greed
@user-qr7ee2cp4y25 күн бұрын
My mortgage payment and car payment stayed the same but my raise is twice what it was pre covid and my savings acct is paying 5% instead of .5% a year. This inflation stuff isn't so bad if you work it right.
@mbanderson83
24 күн бұрын
You're telling me that unlike everyone else in the country, your property taxes and insurance haven't been increasing?
@len9743
24 күн бұрын
@@mbanderson83 my property taxes and insurance aren't either. Republicans are hyping this up for election. Homes values have went up but that is a global issue. Just have to be more patient and save longer. It sucks but it is reality. If we had people like you fighting in war we would lose. Stop complaining and adapt
@Jpop11
24 күн бұрын
yea ok boomer, u ready to retire though?
@craigfinger535623 күн бұрын
Bidenomics
@ube18724 күн бұрын
"Consumers can afford it" - joe biden
@michaelc106325 күн бұрын
BIDEN2024🇺🇲🇺🇲🇺🇲
@Madamchief
25 күн бұрын
Bot 😒
@michaelc1063
25 күн бұрын
@@Madamchief No maam lol
@len9743
25 күн бұрын
@@MadamchiefPeople actually don't want a dictator. Biden2024 USA!!!!
@490zack
24 күн бұрын
@@len9743 ahh yes forced vaccinations and abusing tax payers money and struggling middle class but he’s not a dictator by any means 😂
@len9743
24 күн бұрын
@@490zack where you learn that Fox news lol? God you trump lovers are all the same. Worship a guy trying to overthrow the USA. Biden in a landslide!!! 😊
Пікірлер: 47
It’s amazing how everyone up until a couple weeks ago everyone was saying how great the consumer was. Now everyone is getting worried. Same thing happened in 2000 and 2008, everything was awesome until it’s not.
This is THE END of first-time home ownership and the slow death of the middle class in a generation. 77 bids over 4 years for our first home as native Tennesseans ALL OUTBID by cash investors. Wonder why we Millenials & Gen Z are doom spending? Why we aren't having kids, getting married? We CAN'T afford a home, car, kids, retirement... Child care costs 1/3 of the average income PER CHILD. At 35 y/o kids and a first home passed us by. Don't be surprised that these younger generations want to see it all burn. This economy isn't for us. It never has been. We've been forced out to funnel more wealth to top elites.
@Ja50nkAt
24 күн бұрын
To the BOOMERS, those that already own the assets, old people vote for old people to keep their entitlements plump.
@brent4073
24 күн бұрын
Fiat currency slavery.. if only there was some new digital fixed currency that everyone could easily buy in ETF form...
@autoimmunitycurse
24 күн бұрын
The trick is to get seller to bite offer. Go above asking within 24 hrs of listing and tour same day, bank appraisal will correct it down. Our agent was a rockstar and it worked. Seller even paid for new roof once inspector laid out what needed to be upgraded to code.
I just tried to buy a sink on Amazon that was $38 2 years ago. It's $68 now. How do you think folks absorb increases like this?
Probably could have found this out much sooner without the data if they simply gave a damn. Not until it affects their investments.
I think stagflation is just around the corner, if not already here
@mikeweber1416
24 күн бұрын
Oh its here already. Well said
@DillonFrancis31
24 күн бұрын
In the transportation industry here. I lease and rent freightliners in Las Vegas. Somehow the city seems to be going strong (financially) but the transportation industry is experiencing stagflation for sure. All I know is my mom never worked growing up. I make six figures and am not struggling but I really don’t think I could support a family. Crazy how much can change in 4 years.
Too much too dangerous for low consumers. Scary stuff!
Debtors need more wages, not less inflation. There just isn't a way to pay down debt without wages! Inflation's a thing, but if it's rising wages that's causing it, then that's unavoidable, as far as debtors are concerned. It's non wage earners and creditors that never like inflation. So, this anti inflation thing is real popular among people that don't work for a living.
Lots of layoffs. Liar Liar pants on fire 🔥
That looks/ sounds like my portfolio
Its easy. Do without rip off merchandise like that. I do and so can you. I thoroughly enjoy telling companies and their sales people NO! NOW GO AWAY!
I don’t feel that presure because I live within my income. That gives me the ability to say no to high priced ripoff products and services.
Bidenomics can be expensive .....!!!
Holy cow have you not seen the lay off trackers? Wtf are you talking about? Indeed just laid off 10% of its workforce today. INDEED...
@RoughNeckDelta
24 күн бұрын
In absolute numbers it was 1,000 people in a country of 333 million people. You mind putting that in percentage terms for me?
@dariafaucett3524
16 күн бұрын
@@RoughNeckDeltaI work at a nursing facility tell me why they’re sending CNAs home and forcing the others to work over legal patient to nurse ratios? Company greed
My mortgage payment and car payment stayed the same but my raise is twice what it was pre covid and my savings acct is paying 5% instead of .5% a year. This inflation stuff isn't so bad if you work it right.
@mbanderson83
24 күн бұрын
You're telling me that unlike everyone else in the country, your property taxes and insurance haven't been increasing?
@len9743
24 күн бұрын
@@mbanderson83 my property taxes and insurance aren't either. Republicans are hyping this up for election. Homes values have went up but that is a global issue. Just have to be more patient and save longer. It sucks but it is reality. If we had people like you fighting in war we would lose. Stop complaining and adapt
@Jpop11
24 күн бұрын
yea ok boomer, u ready to retire though?
Bidenomics
"Consumers can afford it" - joe biden
BIDEN2024🇺🇲🇺🇲🇺🇲
@Madamchief
25 күн бұрын
Bot 😒
@michaelc1063
25 күн бұрын
@@Madamchief No maam lol
@len9743
25 күн бұрын
@@MadamchiefPeople actually don't want a dictator. Biden2024 USA!!!!
@490zack
24 күн бұрын
@@len9743 ahh yes forced vaccinations and abusing tax payers money and struggling middle class but he’s not a dictator by any means 😂
@len9743
24 күн бұрын
@@490zack where you learn that Fox news lol? God you trump lovers are all the same. Worship a guy trying to overthrow the USA. Biden in a landslide!!! 😊
Bidenomics