11-16-2022 – FED Report: Household Debt Soars at Fastest Pace in 15 Years
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 17 November 2022
⏱️ 47 minutes
🧾️ Download transcript
Summary
The biggest contributors to the debt load are mortgage balances, which rose $1 trillion from a year ago to $11.7 trillion, and credit card debt, which climbed to $930 billion.
Today's Stocks & Topics: GEO - GEO Group Inc., Selling Losses in a Roth I-R-A, AQN - Algonquin Power & Utilities Corp., VTIVX - Vanguard Target Retirement 2045 Fund Investor, BRKB - Berkshire Hathaway Inc. Cl B, Mortgage Market, LEU - Centrus Energy Corp., AL - Air Lease Corp., CFLT - Confluent Inc., FRG - Franchise Group Inc., Home Equity Line of Credit (HELOC).
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Transcript
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| 0:00.0 | At a time, when investors are confronted with market volatility, and a variety of challenges |
| 0:11.3 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures, |
| 0:18.6 | just in decline and Steve Peasley, stand ready to take your finance and investment questions |
| 0:23.9 | and share their unbiased answers. |
| 0:27.1 | This is Invest Talk, independent thinking, shared success. |
| 0:32.3 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm serving |
| 0:37.6 | clients throughout the United States. |
| 0:41.0 | The clarity for your path forward starts now. |
| 0:45.3 | Here is KPP Chief Executive Officer, Financial Advisor, just in Climb. |
| 0:53.8 | Good afternoon fellow investors, and welcome back to Invest Talk. |
| 0:58.7 | This is our Wednesday, November 16, 2022 edition, and guess what, Thanksgiving is just eight |
| 1:05.4 | days away, and the year flies by even when it's a challenging year, and it's difficult |
| 1:14.1 | to predict how the new year will go, but it's never too early to start preparing to get |
| 1:21.3 | your portfolio optimized, and that means you have work to do, and that's weird to help. |
| 1:26.7 | We here to help you do is to put the lessons that we teach each and every day to work in |
| 1:35.9 | your investment decision process and your money decision process. |
| 1:41.2 | And so if you feel like you need help, you've come to the right place. |
| 1:45.9 | We are here to help. |
| 1:47.6 | So I'm Justin Klein, and I'm here today on this radio show and podcast to help you make |
| 1:53.9 | the most of your portfolio strategies and your decisions. |
| 1:57.9 | And I look forward to this hour, answering your finance and investment questions. |
| 2:02.0 | You can reach out right now during our live stream program from four to five specific time |
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