With the stock market in disarray, interest rates at record highs, and the pain of inflation, many Americans are wondering if the economy is in a recession. How can we tell if we’re in one? The country is technically in a recession when its GDP decreases for two consecutive quarters. According to the Bureau of Economic Analysis' advanced estimate, GDP fell 1.6% in Q1 and 0.9% in Q2. Despite the overwhelming evidence, the National Bureau of Economic Research has not yet declared a recession. As the cost of living continues to rise, interest rates increase, and layoffs multiply. However, the job market and corporate earnings numbers appear strong.
There has been a significant slowdown in the real estate market, income and spending are struggling to keep up with inflation, and layoffs have begun to increase. Is the United States in recession?
In the new episode of The Free Retiree Show, Wealth manager, Lee Michael Murphy gives the current economic update for September 2022. Discover the risk of a potential economic downturn or recession and how long it will last. Learn how to stay wise and calm despite the economic weakness.
Tune in to The Free Retiree Show!
What you’ll learn in this episode:
S1 EP12: 7 Tips for Working from Home
S1 EP11: 7 Tips to Survive and Thrive in a Market Downturn
S1 EP10: COVID-19 & CARES ACT...Financial Relief Information
S1 EP9: Top Characteristics of Successful People. Interview with CEO Carl Reinhardt
S1 EP8: STRESS… Silicon Valley’s Dirty Secret. 7 Tips to Manage Work-Life Balance.
S1 EP7: Dr. Dexter Hadley on AI & Big Data in Health Care. And the Power of Self-Belief.
S1 EP6: Must Knows For a Real Estate Transaction
S1 EP5: The Financial Strength You Need To Purchase A Home
S1 EP4: Silicon Valley Company Culture & 7 Essential Tips For Your Retirement Account
S1 EP3: Managing Finances With Your Significant Other
S1 EP2: Does College Impact Career Success?
S1 EP1: Filtering Out the Noise
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