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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrimerica's CEO on measuring middle income purchasing power through the Household Budget IndexGlenn Williams, Primerica CEO, joins 'The Exchange' to discuss middle income deficit spending increasing, steps families can take to budget better, and developing Primerica's Household Budget Index.
Persons: Glenn Williams
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCredit card debt is growing with the increased cost of living, says Primerica's Glenn WilliamsGlenn Williams, CEO of Primerica, joins 'The Exchange' to discuss increasing number of individuals who can not pay off credit card debt, the muli-year compounding effect of inflation, and middle income families being overwhelmed by the growing cost of living.
Persons: Primerica's Glenn Williams Glenn Williams
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMiddle income families are increasing credit use and reducing savings rates, says CEO Glenn WilliamsGlenn Williams, CEO Of Primerica, joins 'The Exchange' to discuss the pandemic driving life insurance demand across all age groups, Primerica shares dipping lower despite an earnings beat, and increasing demand for annuities.
watch nowThe middle class is shrinkingEconomists' definitions of middle class vary. To bridge the gap, Americans are dipping into their savings accounts and running up credit card balances. With economists now forecasting a possible recession, 62% of middle-income households said they need to get financially prepared, Primerica also found. Experts often recommend starting with high-interest credit card debt. Credit card rates, in particular, are now more than 19%, on average — an all-time record.
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