Interest Rate Roller Coaster Keeps Going -- Eddie Yoon #5864

Financial Survival Network · Jul 31, 2023 · 16m · transcript

1. Consumer spending roller coaster continues

Disposable income went up slightly to 0.4% in May 2023, after 4 months of declines

Personal consumption expenditures continues to roller coaster, at basically flat at 0.1% in May vs. +0.6% in April and +0.1% in March

2. Out with the old...legacy categories and consumer loyalty are declining, as consumers become more price sensitive

"Serial churners" on Netflix (consumers who binge and quit streaming services) grew from 3% of subs in 2019 to +16% of subs in 2022, per a HBR article I co-wrote here…