US Growth Hides Trouble Beneath — Economist Warns Low-Income Americans Are 'Hanging On By Fingertips' - video Dailymotion

Benzinga

Moody’s says half of U.S. states are contracting despite 3.8% GDP growth, as rising costs and debt strain lower-income households. Analysts warn tariffs and inflation could tip the economy into recession by 2026.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Moody's Analytics said that about half of all U.S. states are seeing their economies contract,

00:07despite national GDP growth of 3.8 percent and unemployment at 4.3 percent, according to Fortune.

00:13Chief Economist Mark Zandi said growth in large states like California, Texas, and New York is

00:17keeping overall U.S. output positive. Zandi said lower-income households are hanging on by their

00:22fingertips as wage growth slows and debt burdens rise. Conference Board's latest survey showed

00:27that consumers earning $25,000 to $35,000 feel worse about the economy than they did at April's low

00:33point. Nearly one in five Americans said that jobs are hard to find and one in four expect the job

00:38market to worsen. Western states are experiencing economic slowdowns due to tariffs, stricter

00:43immigration policies, and reliance on manufacturing and agriculture. Analysts Gordon Johnson warned

00:48rising costs are pushing Americans to the brink, while J.P. Morgan CEO J.B. Diamond predicted a

00:532026 recession driven by persistent inflation. For all things money, visit Benzinga.com.

US Growth Hides Trouble Beneath — Economist Warns Low-Income Americans Are 'Hanging On By Fingertips'

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