After the great recession economic researcher, Dr. Dan Geller, created the Money Anxiety Index to measure consumer spending and savings habits; he wanted to see whether certain consumer behaviors could be early indicators of a slowdown or recession; after analyzing 50 years of data Geller was also able to link upticks in the index to economic downturns about 12 months in advance; the index hit an its lowest point in November 2018 and is starting to rise again indicating that another downturn is approaching. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.