Why is this economy so confusing? The state of our economy seems to go against conventional wisdom so much so that even some professional experts are confused. So what’s going on, and what does the state of our economy mean for you?

While many people are unsure about where our economy is heading, there’s one thing most can agree on: Our current economy is a result of pandemic-era policies. During the height of the COVID-19 pandemic, our government took unprecedented actions, such as shutting down large sectors of the economy and printing six trillion new U.S. dollars. There is no historical equivalent for these actions, so if anyone says they know for sure how this is all going to turn out, you may want to be leery of them. 

In addition, many people are concerned about the debt ceiling. While this has been the cause for much discussion, the true question is how we’re going to pay for our debt, which remains to be answered. As the cost of entitlement programs increases, this problem will only get worse, and there are only two realistic solutions: Either we raise taxes or raise the retirement age. Neither option will be popular, so this debate will be heated as the problem becomes more pressing.

There are plenty more things I could talk about regarding our economy and where I see it headed, so if you have questions or want a second opinion on your financial and investment plans, don’t hesitate to reach out to me via phone call or email. I look forward to hearing from you.

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