In this episode, ICA CEO Eric Wulf sits down with economist Alex Chausovsky, Director of Analytics at The Bundy Group - a business intelligence and analytics firm that helps organizations anticipate change, manage risk, and identify opportunity through data-driven insights, for a clear-eyed look at the U.S. economy and what business leaders should be paying attention to right now. Alex breaks down today’s uneven economic reality through the lens of a K-shaped economy, where growth, opportunity, and pressure are not being felt equally across industries or income groups.

The conversation explores how industrial and consumer sectors are diverging, why spending remains resilient despite inflation fatigue, and what jobs data, consumer debt, housing, and interest rates reveal about where the economy may be headed. From AI-driven infrastructure investment to the challenges facing younger workers and middle-income households, Alex helps translate complex data into practical insights for operators, investors, and leaders trying to make informed decisions in a highly uncertain environment.

(:40) How is the US Economy doing right now? Alex breaks this into two parts and talks about a K-shaped economy.

(4:45) Jobs, debt and wages. Alex weighs in on each of these, where things are right now and how they could affect future spending. Alex quotes the Consumer Spending Panel Report and the K-Shaped economy.

(12:55) Eric asked about job concerns for recent graduates and their concerns about entering the job market.

(16:12) What other consumer events and choices might influence on spending…such as mortgages. (70% are on ARM’s right now). Also learn about the Fed’s different interest rates and how they influence the economy.

(20:55) Eric asks if the economy is currently building toward growth.