Sharkey, Howes & Javer

This week on “Inside the Economy”, we discuss personal interest expense and changes in household debt. What category has the highest percent change from 2023? New home sales have slowed due to higher interest rates, but what does this mean for delinquency rates? Federal net interest outlays are climbing higher in amount as compared to historical data. However, how does the near 3% share of GDP compare to the past and is it necessarily bad for the overall economy? Tune in to learn more! Key Takeaways: • U.S. GDP growth slowed to a 1.6% rate in Q1 • Personal interest expense is approximately $500B • 30-year mortgage at 7.17%