The US immigration surge saved the economy and 4 other surprising takeaways from JPMorgan Asset Management's latest quarterly guide
Posted: Apr 01, 2024
- JPMorgan Asset Management's latest quarterly market guide highlighted surprising economic insights - The US economy was saved from a recession by an influx of immigrants who filled low-wage jobs - Working-age Americans are actively participating in the labor market despite the pandemic - Wage growth remains low despite a tight labor market and low unemployment rates - Household debt levels are relatively low, with most debt being in fixed-rate mortgages - Excess savings from government stimulus have fueled consumer spending - Americans' assets far exceed their liabilities, easing concerns of a debt-fueled bubble.
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