🚨 AMERICANS ARE SPENDING MONEY THEY MAY NOT HAVE!
Consumer sentiment just fell to 46.3, near an all-time low!
And Americans' assessment of their current economic conditions just hit a RECORD LOW.
But consumer spending is still holding up.
Here's the problem:
People can't stop buying groceries, gasoline, insurance or paying their mortgages just because everything is getting more expensive!
And a New York Fed survey shows consumers expect spending to rise 5.5% while income rises just 3.1%.
Where's the extra money coming from?
Savings? Credit cards? More debt?
Spending money doesn't mean you're financially healthy!
🏠 California homeowners struggling with high-interest debt: DM me DEBT before your credit takes a hit.
Have questions about buying, refinancing, or tracking your mortgage rate in California?
Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.
Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate #ConsumerDebt #Inflation #Economy #ConsumerSentiment #MortgageTips