Moody's Zandi Sees Fighting Chance of Avoiding Recession

The video discusses the high risk of a recession but suggests that the American consumer could prevent it. With strong job growth, low unemployment, and solid wage increases, consumers are in a good position. Despite falling stock and housing prices, household wealth remains high. The key is for consumers to continue spending to avoid a downturn, although risks remain high.

In what ways have households' financial situations improved compared to a year or two ago?

What are the risks mentioned that could lead to a recession?