Kyla Scanlon, host of Vox’s “Best of Luck” and author of “In This Economy”, coined the word four years ago and is asked where it came from. Her answer starts with being told in her own comments that she was wrong about the country she lived in. Conor Sen, founder of The Housing Frame, adds the control: when his cohort was thirty, the forty-five-year-olds were broke too. Sarah Kunst of Cleo Capital argues it is about expectation rather than conditions. Mike Rode of FAS Wealth Partners pushes back with the spending data. Turney Duff hosts.
Watch the full stream: https://youtube.com/live/u4V-7TTckoM
Market Hang is live weekdays 12:30-1:30pm ET on Yahoo Finance.
Timestamps
0:00 Where the word came from
1:29 What was different when we were thirty
2:35 The boomer economy, and who is still spending
3:46 Growing up at the end of history
4:56 Two parenting styles, one generation apart
6:08 Spending is one dollar one vote. Sentiment is one person one vote
7:16 The loneliness underneath it
#Vibecession #ConsumerSentiment #Economy #MarketHang #YahooFinance
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