SCSU Economist

Americans are incurring more debt. St. Cloud State Economist King Banaian explained on WJON Monday that debts levels are returning to 2019 levels. He says the pandemic of 2020 influenced many people's spending.

Many economists including St. Cloud State's King Banaian believe a recession will happen early in 2023. Banaian is the Dean, School of Public Affairs and Economics Professor at SCSU. He indicates we may already be in a recession but if we aren't we will be soon.

The housing market has been a sellers market for more than a year. St. Cloud State Economist and Dean, School of Public Affairs King Banaian joined me on WJON this week. He says housing prices remain high locally and it continues to be a seller's market.

Gas prices have been on the rise lately and St. Cloud State Economist King Banaian joined me on WJON today. He expects gas prices to hit $3.20 a gallon by Labor Day before dropping this fall. Banaian says the demand for travel won't likely subside until after Labor Day which will force this uptick in prices.