Americans Owe More In Credit Card Debt Than They Have Saved

"Consumers have seen 22 months of negative real wage growth. Servicing household debt is surging while household savings have plummeted. 36% of U.S. adults owe more money in credit card debt than they have saved. 23% of their 401K values has been lost in the last calendar year. Consumer sentiment is still at its lowest point since 1980. This tells us that the markets are not acting aggressively to the Federal Reserve's interest rate hikes. Recessionary concerns will keep money on the sidelines as investors time their re-entry," says Randy Sevcik.

The Watch List

02 Mar 2023

SHARE

ON AIR
1:00 pm
The Watch List
12:00 am
Fast Market
REPLAY
1:00 am
Trading 360
REPLAY
2:00 am
Next Gen Investing
REPLAY
education
3:00 am
Your First Trade
REPLAY
3:30 am
Trading 360
REPLAY
4:30 am
Next Gen Investing
REPLAY
education
5:30 am
Your First Trade
REPLAY
6:00 am
Fast Market
REPLAY
7:00 am
Futures
8:00 am
Morning Trade Live
10:00 am
Trading 360
11:00 am
Fast Market
12:00 pm
Next Gen Investing
ON AIR
1:00 pm
The Watch List
2:00 pm
Market On Close
3:30 pm
Market Overtime
4:00 pm
Trading 360
REPLAY
5:00 pm
Fast Market
REPLAY
6:00 pm
Next Gen Investing
REPLAY
7:00 pm
Market Overtime
REPLAY
education
7:30 pm
Your First Trade
REPLAY
8:00 pm
Trading 360
REPLAY
9:00 pm
Market Overtime
REPLAY
education
9:30 pm
Your First Trade
REPLAY
10:00 pm
Fast Market
REPLAY
11:00 pm
Trading 360
REPLAY

Get the Market Minute

Daily insights for every investor

coming soon

We are now

coming soon

We are now