Reading the Signs: How to Predict What the Economy Will Do Next
Download MP3📌 Episode Description / Show Notes:
- Everyone wants to know what’s next for the economy — Will inflation rise? Will there be a recession or even a depression?
- Predicting the future isn't about guesses or opinions — it's about studying current data and real financial indicators.
- We examine 4–5 key facts that give us insight into where the economy may be headed.
🔍 Key Economic Signs Discussed in This Episode:
- Savings and Debt:
- Half of Americans are now dipping into savings or going into debt just to cover daily expenses.
- 72% of low-income consumers are relying on savings or credit — a shift from previous years of stimulus support.
- High-Income Struggles:
- 36% of people earning $100K or more are now living paycheck to paycheck.
- This "demand destruction" can lead to reduced spending and a ripple effect on the broader economy.
- Rising Delinquencies:
- According to the CEO of Ford, auto loan delinquencies are climbing.
- Even with savings depletion, many still can’t pay their car loans.
- Retirement Concerns:
- $3 trillion in retirement savings has been wiped out in the stock market — nearly equivalent to the $3.7 trillion stimulus during the pandemic.
- Your Reality Check:
- Are you or people around you experiencing financial stress?
- Is your company seeing fewer sales or cutting back?
- Are you adjusting your spending habits or preparing for future inflation?
✈️ Real-Life Example:
- A booked airline ticket from early 2021 cost $1,400 per person.
- The exact same trip now costs $3,800 — nearly triple.
- Inflation is real, and timing your purchases could be more critical than ever.
🧠 Final Thoughts:
- No crystal ball needed — the clues are all around us.
- What economic signs are you seeing in your own life or business?
- Let us know your thoughts and how you’re planning for what’s ahead.
