043: Analyzing the Uptick in Household Net Worth and Rising Debts
Did you know that despite a volatile economy, household net worth has been able to bounce back to a record high? In this episode of Markets with Megan, Megan dissects the recent data from the Federal Reserve Flow of Funds report, describing the financial health of households, corporations, and the government.
While net worth is on the upswing, consumers are leaning more on credit card debt and larger mortgages, causing liabilities to grow. Megan examines this trend, along with the shift of households moving funds from traditional banking deposits to money market mutual funds. Despite these trends, Megan suggests that consumers are in relatively good health. However, she also notes the alarming increase in government debt, rising at its fastest pace in three years.
