Christopher Scott Show
Economic Outlook May 2023
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:27:05
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Sinopse
The current economic situation is posing several challenges for working people. Despite contributing to their 401k plans for 2.5 years, the values have remained stagnant, wiping out any extra savings that they could have had. This has left many people feeling frustrated and helpless, especially those who had hoped to have some financial cushioning for the future.Inflation is another significant factor affecting people's finances. Inflation rates are so high that even those with incomes well over $100k are feeling the pinch. The high cost of goods, services, and basic necessities is making it difficult for people to make ends meet. This is leading to increased debt, which further exacerbates the problem.Additionally, while home values have increased in recent times, the lack of available inventory and skyrocketing interest rates and new construction costs have made rent and mortgages unaffordable for everyone except top earners. This has caused many people to feel that owning a home is no longer a feasible opt