Uploaded October 2023 | Updated September 2026, 4 hours ago
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In today's video, we're tackling a growing issue that might sound scarier than it actually is. We'll break it all down for you, so make sure to stick around until the end to get my full thoughts.
American Consumer Debt has reached a staggering $17.06 Trillion.
We'll explore personal consumption expenditures, which have hit $18.72 trillion, showing that consumer behavior is still on the rise. According to the US Bureau of Economic Analysis, spending continues to reach all-time highs, and we'll analyze this trend over the years.
Next, we'll touch on consumer sentiment. Americans' optimism about the current economy isn't great, but there are some positive signs. We'll dissect the data, discussing both short-term and long-term trends.
To get the most up-to-date insights, we'll look at the monthly consumer confidence survey, which reaches 36 million consumers. It reveals interesting statistics about income expectations and current financial situations. The landscape is evolving, and we'll examine what this means for your finances.
Now, let's take a look at the breakdown of consumer debt. Mortgages dominate, making up 70% of the total debt balance, but there are also student loans, auto loans, and credit card debt.
Non-housing debt has been on the rise, with credit card balances at an all-time high of $1.03 trillion. Auto loans and other balances have also increased. We'll analyze these trends and their potential impact on the economy.
On a positive note, delinquency rates have remained low after a sharp decline during the early stages of the pandemic. We'll explore the current state of delinquencies for various types of debt.
As we shift our focus to the broader economic picture, we'll discuss US GDP growth and its impact on the financial landscape. The increase in money supply and its effect on purchasing power will also be explained.
Lastly, I'll share my thoughts and some simple strategies to navigate these financial waters. While things appear stable for now, we'll discuss the importance of continuing to invest and maintaining an emergency fund.
🍿 WATCH NEXT:
youtu.be/bJHr6_skXWc
youtu.be/HQzoZfc3GwQ?si=wSkPPqDs5kJ4bB3D
MY FAVORITE TOOLS & RESOURCES
📈 M1 Finance - Automate Your Investing - whiteboardfinance.com/go/m1-finance
📊 WeBull - Get Up To 12 FREE STOCKS - whiteboardfinance.com/go/webull
🏠 Get My Home Affordability Spreadsheet - whiteboardfinance.com/go/ytmember
🔒 Ledger - Store Your Bitcoin The Right Way - whiteboardfinance.com/go/ledger
💰 My FREE Stock Market For Beginners Course - whiteboardfinance.com/go/stocksguide
MY OTHER SOCIALS:
🌍 My website - whiteboardfinance.com
🐦 X - twitter.com/whiteboardfin
📸 Instagram - instagram.com/whiteboardfinance
WHO AM I? 👇
If we haven’t met before - Hey 👋 I’m Marko, and I’ve been investing since 2006, and I got my finance degree in 2010. My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos reflect my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
⌚️Timestamps:
0:00 - Intro
0:34 - Personal Consumption
1:04 - Consumer Sentiment
1:57 - Family Finance Survey
2:53 - Total Debt Balance
4:30 - 90 Day Delinquencies
5:44 - Not So Bad?
6:59 - WBFU
7:28 - My Thoughts
9:23 - LOL
Join My Private Community - WhiteBoard Finance University: wbfuniversity.com
Use code "CONSUMER20" for a 20% discount.
WBFU Includes:
🎥 4 Full-Length Courses (Stocks, Real Estate, Budgeting, Increasing Income)
🧠 Over 50+ exclusive videos, and new ones every week
📊 Full transparency into my portfolio (every buy and sell I make)
💬 Access to our private community and live chat with 100+ members
❓ Weekly Q&A Discussion and Livestream with Marko
🛠️ Exclusive Tools & Spreadsheets
👨🔬 Monthly Guest Expert Livestreams
WBFU is the most comprehensive investing community in the world. Join today.
In today's video, we're tackling a growing issue that might sound scarier than it actually is. We'll break it all down for you, so make sure to stick around until the end to get my full thoughts.
American Consumer Debt has reached a staggering $17.06 Trillion.
We'll explore personal consumption expenditures, which have hit $18.72 trillion, showing that consumer behavior is still on the rise. According to the US Bureau of Economic Analysis, spending continues to reach all-time highs, and we'll analyze this trend over the years.
Next, we'll touch on consumer sentiment. Americans' optimism about the current economy isn't great, but there are some positive signs. We'll dissect the data, discussing both short-term and long-term trends.
To get the most up-to-date insights, we'll look at the monthly consumer confidence survey, which reaches 36 million consumers. It reveals interesting statistics about income expectations and current financial situations. The landscape is evolving, and we'll examine what this means for your finances.
Now, let's take a look at the breakdown of consumer debt. Mortgages dominate, making up 70% of the total debt balance, but there are also student loans, auto loans, and credit card debt.
Non-housing debt has been on the rise, with credit card balances at an all-time high of $1.03 trillion. Auto loans and other balances have also increased. We'll analyze these trends and their potential impact on the economy.
On a positive note, delinquency rates have remained low after a sharp decline during the early stages of the pandemic. We'll explore the current state of delinquencies for various types of debt.
As we shift our focus to the broader economic picture, we'll discuss US GDP growth and its impact on the financial landscape. The increase in money supply and its effect on purchasing power will also be explained.
Lastly, I'll share my thoughts and some simple strategies to navigate these financial waters. While things appear stable for now, we'll discuss the importance of continuing to invest and maintaining an emergency fund.
🍿 WATCH NEXT:
youtu.be/bJHr6_skXWc
youtu.be/HQzoZfc3GwQ?si=wSkPPqDs5kJ4bB3D
MY FAVORITE TOOLS & RESOURCES
📈 M1 Finance - Automate Your Investing - whiteboardfinance.com/go/m1-finance
📊 WeBull - Get Up To 12 FREE STOCKS - whiteboardfinance.com/go/webull
🏠 Get My Home Affordability Spreadsheet - whiteboardfinance.com/go/ytmember
🔒 Ledger - Store Your Bitcoin The Right Way - whiteboardfinance.com/go/ledger
💰 My FREE Stock Market For Beginners Course - whiteboardfinance.com/go/stocksguide
MY OTHER SOCIALS:
🌍 My website - whiteboardfinance.com
🐦 X - twitter.com/whiteboardfin
📸 Instagram - instagram.com/whiteboardfinance
WHO AM I? 👇
If we haven’t met before - Hey 👋 I’m Marko, and I’ve been investing since 2006, and I got my finance degree in 2010. My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos reflect my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
⌚️Timestamps:
0:00 - Intro
0:34 - Personal Consumption
1:04 - Consumer Sentiment
1:57 - Family Finance Survey
2:53 - Total Debt Balance
4:30 - 90 Day Delinquencies
5:44 - Not So Bad?
6:59 - WBFU
7:28 - My Thoughts
9:23 - LOL
