U.S. Economy and Household Financial Health

SOURCE www.breitbart.com
Treasury Secretary Janet Yellen stated that despite some low-income consumers facing financial distress, the U.S. economy is strong with good domestic demand and households in good financial shape.

Key Points

  • Low-income consumers exhausting savings built during the pandemic
  • Households facing some distress but overall in good financial shape
  • Strong domestic demand supporting the economy

Pros

  • Strong U.S. economy with very strong domestic demand
  • Households generally in good financial shape

Cons

  • Some low-income consumers experiencing financial distress