Voya CEO Hurtsellers Concerned About Lack of Fiscal Stimulus

The video discusses the current state of the economic data, focusing on the housing market's strength and the impact of low interest rates facilitated by the Fed. It highlights concerns about the delay in fiscal stimulus and its effects on the broader economy, particularly for lower-income groups affected by COVID-19. The discussion also covers consumer confidence and spending, noting the disparity between high-end consumers and those needing fiscal support, especially during the holiday season.

What is one reason the housing market is considered strong?

• High unemployment rates

• Increased savings rates

• Decreased job availability

• Low real asset attractiveness

What has the Federal Reserve contributed to in the economic environment?

• High inflation rates

• A low-rate environment

• Decreased consumer confidence

• Increased unemployment

What is a concern related to the delay of the fiscal stimulus package?

• It will reduce job availability

• It will require a larger package later

• It will decrease consumer spending

• It will increase the housing market strength

Which group is in great shape according to the discussion on consumer resilience?

• Low-income consumers

• Middle-class consumers

• High-end consumers

• Unemployed individuals

What is a major concern for consumers during the holiday season without a fiscal package?

• Improved job market

• High-end consumer resilience

• Decreased consumer spending

• Increased savings rates