Pagaya's Head of Client Advisory in Israel, Keren Danziger writes in CTech by Calcalist about what Pagaya's internal data is indicating in terms of consumer confidence and spending. With its 31 lending partners, Pagaya's unique insights enable us to gauge consumer behavior and broader economic trends, which show that in fact the economy is resilient and consumers have a manageable level of debt - all of which may mitigate potential concerns around an impending recession. "Despite headlines concerning stagflation, weakening demand, and geopolitical risks shaping the economic landscape, the data clearly shows that the American economy is far from collapse. The robust capital present in the housing market, a solid labor market, and restrained consumer payment behavior together form a stable economic foundation." - Keren Danziger Read the full article here: https://lnkd.in/gGDHPD6g
Is the American economy on the verge of a recession? Consumer credit data suggests otherwise. "Although issues such as trade policy, housing accessibility challenges, and geopolitical instability continue to pose significant obstacles, the data indicates that a severe recession remains distant," writes Keren Danziger, CEO of Investment Funds at Pagaya in Israel. #Opinion https://lnkd.in/emTE8Sqn