Episode 67: Consumer Sentiment Improved, Social Security Benefits Increase & Labor Shortage + Why You Should Consider Roth Conversions
15m
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Minds Over Money
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📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [11:26] And this week’s financial planning topic is Why You Should Consider Roth Conversions. 💸
🛍️ [0:49] The first headline, “U.S. Consumer Sentiment Improved in August from Early Summer Low”, is an article that explores the University of Michigan’s consumer confidence index and how it shows consumers have gradually gained confidence over the summer when it comes to the economic conditions in the United States.
📈 [3:44] The second headline, “Social Security Benefits are Heading for the Biggest Increase in 40 Years”, discusses how the Social Security Administration is likely going to increase benefits for disabled people and retirees by roughly 9% due to inflation, the largest increase since 1981.
🧑🏭🧑💼🧑🍳 [6:21] Our final headline, “Labor Shortage is a Vexing Challenge for U.S. Economy” is a deep dive into the current labor shortage and how it is a challenge not only for consumers and businesses but also for the Federal Reserve and their attempt at reducing inflation and increasing unemployment without sending us into a recession, or what is known as a ‘soft economic landing’.
Hope you enjoy it!
The episode Episode 67: Consumer Sentiment Improved, Social Security Benefits Increase & Labor Shortage + Why You Should Consider Roth Conversions from the podcast Minds Over Money has a duration of
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