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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.
https://youtu.be/yLZv3AaJgfw
Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...
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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.
https://youtu.be/yLZv3AaJgfw
Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...
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