Gold & Silver Investment News & Trends

News and Trends

American Debt Stings Like Never Before in New Era for Households - Yahoo! Finance--3.15.24
After years of managing household budgets through the stress of the worst inflation in a generation, U.S. families are now pressured by a new kind of financial squeeze: the cost of carrying debt. As monthly debt payments take up more of workers' paychecks, those consumers are more exposed to potential economic contractions.

Zero. That’s how much 28% of the country has saved for retirement. - Market Watch--3.15.24
As many as 28% of Americans have nothing saved for retirement, 39% aren't contributing to a retirement fund and another 30% don't think they'll ever be able to retire, according to a new survey. Some obstacles individuals are facing include inflation, debt, starting to save too late, being inconsistent and low financial literacy.

Wall Street braces for commercial real estate time bomb - The Hill--3.14.24
With the typical U.S. commercial lease ranging from three to five years, the clock is ticking for office and retail property owners and their creditors in the financial sector as remote work has taken off and prompted changes in urban land use. Office vacancy rates have climbed sharply and delinquency rates for commercial mortgage back securities are on the rise.

401(k) 'hardship' withdrawals surge to another record as high inflation stings - Fox Business--3.14.24
A record-breaking number of Americans are making emergency withdrawals from their 401(k) retirement plans in order to cover a financial hardship amid the ongoing inflation crisis. Hardship withdrawals allow workers to tap their 401(k) for an "immediate and heavy financial need."

Peter Schiff: Biden Ignores Fiscal Time Bomb - Zero Hedge--3.13.24
Last week's government jobs report exceeded the most optimistic expectations. The report should be accepted cautiously because last month's figures were revised downward by over 30%, and this month's figures could be revised similarly.

Producer Price Data Will Be the Fed’s Last Look at Inflation Before Rate Decision - Market Watch--3.13.24
Inflation data for January and February threw into question whether the slowdown in price growth see for most of the past year is fading away. Numbers due Thursday will offer a final look at the state of price growth in the U.S. economy before the central bank's next policy meeting.

Inflation ran hotter than expected in February as high prices persist - Fox Business--3.12.24
Inflation unexpectedly ticked higher in February thanks to a jump in the cost of gasoline and rent. Parts of the inflation report also indicated that inflation has been slow to retreat. While inflation has fallen considerably, it remains above the Fed's 2% target.

The economy averting a hard landing is 'laughable,' and companies are about to see a profit recession, economist says - Yahoo! Finance--3.11.24
According to one top economist, the U.S. economy can't avoid a hard-landing recession. A coming "double-dip" profit recession for U.S. companies could be coming, which could cause earnings to nosedive and spark big problems for the economy.

More Americans Are Treating Their 401(k)s Like Cash Machines - The Wall Street Journal--3.11.24
The 401(k) is doing double duty as both a retirement account and a source of emergency funds for more Americans. A record share of 401(k) account holders took early withdrawals from their accounts last year for financial emergencies.

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