Inside the Economy: Consumer & Corporate Health

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss the economic health of the consumer and corporations. For the consumer, hourly wages have leveled off and personal savings have decreased. Housing continues to be a sticking point for the consumer with the house-price index coming down and home equity withdrawal on the rise. Corporations on the other hand show strong profit margins despite sticky inflation, but what does that look like for 2023? Tune in to learn about this and more! Key Takeaways: • Oil drops to low $70s • 3rd Quarter GDP revised up to 2.9 • Mortgage rates under 6.5%