Episode 638: Holiday Spending While Recession is Pending
Newt's World
Gingrich 360
4.6 • 6.4K Ratings
🗓️ 9 December 2023
⏱️ 34 minutes
🧾️ Download transcript
Summary
With the holidays coming up, the average American will spend $975 dollars on presents this year. That’s up by $100 dollars from last year. And while we’re spending more this year, consumer credit card debt has reached a record high of $1.08 trillion dollars in 2023. As we look ahead to 2024, with the presidential primaries coming up soon, the state of the economy is one of the top issues on voter’s minds. Newt talks with Founder and CEO of Legacy Precious Metals, Charles Thorngren. For more information please visit buylegacygold.com/Newt
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Transcript
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| 0:00.0 | Ever thought about owning a piece of history? |
| 0:02.3 | Introducing the Newt Gingrich contract with America coin |
| 0:05.8 | from legacy precious metals. |
| 0:08.2 | My limited edition silver coin celebrates the historic Republican victory in 1994, marking a turning point in American politics. |
| 0:17.0 | Give a gift with real historical weight this season. Order now at Newt Gingrich silverSovercoin.com. |
| 0:24.0 | That's Newt Gingrich-Sover-Coyne. On this episode of Newt Gingrich's world, with the holidays coming up, the average American |
| 0:38.6 | will spend $975 on presents this year. |
| 0:42.8 | That's up by about $100 from last year. |
| 0:45.8 | And while we're spending more this year, |
| 0:48.3 | consumer credit card debt has reached a record high |
| 0:51.5 | of $1,80 billion in 2023. |
| 0:57.3 | We can attribute some of that debt to families trying to make ends meet |
| 1:01.0 | during this past year of record inflation. |
| 1:03.8 | As we look at to 2024, with the presidential primaries coming up soon, |
| 1:08.5 | the state of the economy is one of the top issues on voters minds. |
| 1:13.0 | Today, we're going to discuss the economy and more, |
| 1:16.0 | and why it's so important to diversify your investment portfolio. |
| 1:22.0 | So I'm really pleased to welcome back my guest Charles |
| 1:25.4 | Thorngren, founder and CEO of Legacy Precious Medals. Charles, welcome. Thank you for joining me again in Newt's world and for sort of helping |
| 1:42.4 | launch our discussion about the holiday season. |
| 1:45.3 | Oh, thank you. |
| 1:46.3 | It's always a pleasure to be here. |
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