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 EP73: Protecting Your Wealth & Leaving a Legacy with Natalie Gold
S1 EP72: Finding Happiness in Your Career with Ahyiana Angel
S1 EP71: IT Security: Protecting Your Identity and Finances With Dominic Vogel
S1 EP70: Back to the Office: What’s New and What We've Learned with Sergio Patterson
S1 EP69: Prop 19 Explained: Property Tax Changes in 2021 With Nina Decker
S1 EP68: Introversion and Narcissism in the Workplace with Chelsey Brooke Cole
S1 EP67: How Social Media and Transparency Can Grow Your Start-Up with Erica Rankin
S1 EP66: Inclusive Communication between Families about Financial Planning with Vanessa Martinez
S1 EP65: Making it in Hollywood & Finding Success with Darcy Donavan
S1 EP64: Branding With AI & Entrepreneurship for Indian Women with Chahat Aggarwal
S1 EP63: Strategizing for Employment with John Marty
S1 EP62: Exploring Motives Behind Entrepreneurship with Kevin Miller
EPS 61 - What You Need to Know About Cryptocurrency with Linda P Jones
S1 EP60: Building & Growing a Brand on LinkedIn with Michaela Alexis
S1 EP59: Conformity and Women in the Workplace with Jasmine Escalera
S1 EP58: Real Estate Update: Relocation and Property Picking with Nate Johnson
S1 EP57: Building Resilience In The Workplace with Rachel Druckenmiller
S1 EP56: Student Career Education and Tiktok Marketing w/Justin Nguyen
S1 EP55: The Power of Connection
S1 EP54: Turning An Idea Into A Success with Felix Lee
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