Planned Solutions

In this episode of the Planned Solutions Incorporated Podcast, The US economy grew just 1.1% in the first quarter, a lower growth rate than the prior two quarters. However, the report had a lot of positives with household spending up 3.7% and government spending increasing 4.7%. Meanwhile, investment expenditures were a drag on growth, down 12.5%, likely due to increased interest rates and the uncertainty of the current business environment. Also, US consumer sentiment is often cited as a leading economic indicator as it tends to change course before the stock market. In 2021 it peaked six months before the US stock market and in 2022 it bottomed four months before the market low. Today, consumer sentiment is signaling support for the current market recovery as the index continues to trend upward at 27% above its low from October And, Term life insurance policies are often very cost-effective but do come with a downside, unlike permanent insurance, that the policy term will end at some point in the future.