Optimism Amid Challenges: Small Businesses and the Surge in Consumer Credit | Episode 089 | 01-09-2024

Despite remaining in negative territory, the Small Business Index witnessed its largest increase since July 2023, fueled by small business owners’ optimism about a better economy, increased sales expectations, and a positive earnings trend. Verdence Capital Advisors CIO, Megan Horneman discusses the positive impact of a better-than-expected holiday shopping season in December, contributing to the overall uptick. She also talks about a significant surge in consumer credit, particularly in revolving credit (credit cards), reaching a record high of $1.3 trillion. While businesses benefit from consumer spending, Megan has concerns about the sustained reliance on credit cards, especially in the face of near-record-high interest rates. If you have questions or comments please reach out to podcast at Verdence dot com. 

Watch today’s episode here: https://youtu.be/wcGmmE7A2v0