159: What All-Time High Consumer Debt Means for the Economy and the Housing Market
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The US economy is on the brink of a recession, but consumers don’t seem to care. Consumer spending is up, credit card debt) is through the roof, and the average American’s excess savings have been depleted. Could this financial rager we’re throwing end in chaos for the US economy? Or are these frightening metrics pointing to something else entirely? Today, Dave will get into **the nitty-gritty details of the **US consumer).

After some serious** pandemic stimulus**, Americans were riding high, buying whatever they could with their stocked-up savings. But now, economic sentiment among Americans is starting to fall, and many believe a recession) could be around the corner. With consumer spending making up the majority of economic activity in the US, if it starts to fall, our economy could go down with it.

Dave will give you the numbers and updates you need to know EXACTLY what’s going on with the US consumer, whether or not **rising **debt) and spending really matters, and the factors that could force spending to fall.

In This Episode We Cover:

**Why consumer spending is exploding **at a time when recession risk is high

**Declining consumer sentiment and why Americans are fearful of the future **

**All-time high credit card debt **and whether or not delinquencies are rising with it

When** Americans’ “pandemic savings” will run out **

**Resuming **student loan payments) and how they could hurt the average consumer

And So Much More!

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Here’s What the U.S. Consumer Tells Us About the State of the Economy)

4 Economic Triggers That Could Send Us Into a Recession)

Recession Risk Rises as U.S. Consumer Spending EXPLODES)

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-159

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