💼 How Layoffs and Falling Consumer Spending Affect the Macro Economy
Layoff announcements are ramping up as companies adjust to slowing sales and profitability. So far, significant job cuts have been concentrated in technology and consumer-related industries due to overhiring during the pandemic recovery when demand was extreme. Whether this spills into the broader economy is the subject of debate among investors and economists. With markets already expecting a mild recession in 2023, how should long-term investors maintain perspective on this topic over the next year?
We discuss in this episode of The Wealth Effect Podcast:
📊 GDP Growth Components
💼 Job Gains by Sector
📈 Household Debt Service Levels
Show Notes
Matt Faubion, CFP®
Founder - Wealth Manager
Faubion Wealth Management
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