While most economists have predicted that the U.S. would fall into a recession, which would tank the economy, that has not happened. The reason? The American Consumer and we'll take a deep dive into the driver of family wealth in this episode. Meanwhile, if you want to reach us on social media and if you're on Threads you can find us @Insight_On_Business. And you can hook up with us all day on Twitter or "X" @IOB_NewsHour and on Instagram. Here's what we've got for you:
Rapid increase in median family wealth kicks us off;
Elon Musk wants to charge new X users and why;
Employer based health insurance rates make the news;
The spending habits of young adults are changing;
The Wall Street Report;
The Fed to look at "Swipe Fees" and why that matters.