086: The Silent Recession

With 30-year mortgage rates at 7.5%, inflation continuing to impact our spending power, and gas pushing almost $4 a gallon, we’re seeing higher bankruptcy rates and hearing talk of a lost decade. So what do we do to keep our financial plan as healthy as possible?  In today’s episode, we’re talking about what’s going on in America–and the silent recession that is affecting everyone except those on Wall Street. You’ll learn why all this so-called “good economic news” proves to only be good for executives and investors, why interest rates might finally start dropping soon, and how to hedge your bets to protect yourself (and your money) when the economy won’t do it for you.  In this podcast interview, you’ll learn: Why the finance industry is behaving like things are just fine while everyday Americans are struggling more than ever to make ends meet. How last year’s interest rate increases are affecting us now.  How to reposition your finances as prices and interest rates start to stabilize again. Why you need to get clear about your financial goals to leave a legacy and make lasting memories.  To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com

Episode 86 of the The Retirement Trainer podcast, hosted by EGSI Financial, titled "086: The Silent Recession" was published on September 22, 2023 and runs 23 minutes.

September 22, 2023 ·23m · The Retirement Trainer

Summary

With 30-year mortgage rates at 7.5%, inflation continuing to impact our spending power, and gas pushing almost $4 a gallon, we’re seeing higher bankruptcy rates and hearing talk of a lost decade. So what do we do to keep our financial plan as healthy as possible?  In today’s episode, we’re talking about what’s going on in America–and the silent recession that is affecting everyone except those on Wall Street. You’ll learn why all this so-called “good economic news” proves to only be good for executives and investors, why interest rates might finally start dropping soon, and how to hedge your bets to protect yourself (and your money) when the economy won’t do it for you.  In this podcast interview, you’ll learn: Why the finance industry is behaving like things are just fine while everyday Americans are struggling more than ever to make ends meet. How last year’s interest rate increases are affecting us now.  How to reposition your finances as prices and interest rates start to stabilize again. Why you need to get clear about your financial goals to leave a legacy and make lasting memories.  To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com

Episode Description