If I remember correctly, the total number of persons in the labor force is down by 1.5 million people in the US since last December. That's almost entirely due to retirements. The total population in the U.S. is forecasted to peak in 2030 now.
At the same time, I read that existing workers are putting in a smaller percentage of their income than they have historically as a result of needing more of their money today to cover the rising cost of living.
So, fewer and fewer people are going to be bearing more and more of the weight to not only keep a bid under stocks, but to keep the shelves stocked at the local store.
That sounds inflationary for services and deflationary for assets. Goods inflation will probably stay stable. But Lord help you if you need to hire a mechanic or an electrician.
Surprise, people don’t pull a lot out? Why taxes! 401ks suck at retirement. Roth 401ks and Roth IRAs are the only way to go. One can do the math talk and talk but when you start pulling money it sucks.
"It is powered by payroll.
Robert Oppenheimer needed uranium.
This device runs on Fridays."
LOL!
I worked on this sentence for four days..
Glad you laughed.
If I remember correctly, the total number of persons in the labor force is down by 1.5 million people in the US since last December. That's almost entirely due to retirements. The total population in the U.S. is forecasted to peak in 2030 now.
At the same time, I read that existing workers are putting in a smaller percentage of their income than they have historically as a result of needing more of their money today to cover the rising cost of living.
So, fewer and fewer people are going to be bearing more and more of the weight to not only keep a bid under stocks, but to keep the shelves stocked at the local store.
That sounds inflationary for services and deflationary for assets. Goods inflation will probably stay stable. But Lord help you if you need to hire a mechanic or an electrician.
Which is why private equity is flooding into trades. I know electricity… I’m done after that.
Surprise, people don’t pull a lot out? Why taxes! 401ks suck at retirement. Roth 401ks and Roth IRAs are the only way to go. One can do the math talk and talk but when you start pulling money it sucks.