This week on the Market Moment, Matt, Eli, and Lee give you the latest U.S. stock updates as the Consumer Price Index was released today, Tuesday, Feb 13th. Notably, we are in an election year, which may have an impact on the market. See this video from Data Brief to learn more! https://youtu.be/HHwF6IA3M-8?si=5r3wkS5_ebpoy81Y
America's credit card debt is making headlines... The average American consumer has $6,360 in credit card debt, and the national total is $1.13 trillion, the highest in history. A professor of public policy studies at the University of Chicago and former acting chair of the White House Council of Economic Affairs said that while one trillion is overwhelming, "the reality is that this figure is expected to ascend." Additionally, the interest on these credit cards has risen. According to Bankrate, the average credit card charges 20.74% interest. This compounds and can easily snowball into an overwhelming burden that cripples Americans.
Eli, Matt, and Lee also discuss Tesla's new humanoid robots that are expected to replace human factory workers. Here is a video illustrating the robots: https://www.youtube.com/watch?v=cpraXaw7dyc
Is this the beginning of the robot apocalypse The panel disagrees. This is progress and the economy will benefit from the cut costs and increase in profits by using these new tools. Agree or disagree? Tell us in the comments!
We love answering your comments and questions. This week's comment was about capitalism.
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Ep 62: Hedging, Market Changes, & Concentrated Stock Risk with David Lee and Jay Pestrichelli
Ep 61: Pros and Cons of a 401(k) Rollover
Ep 60: Phishing (not Fishing)
Ep 59: Faith and Finance with Dr. Nick Floyd
Ep 58: Communism, Capitalism, and Societies In-Between with David Chapman
Ep 57: Generosity, Grandkids, & Getting Out of Debt with Mike Frost
Ep. 56: Sports, Stewardship, & Staying Humble with Matt Walters
Ep 55: From Flying to Finance with David Lee
Current Events: Interest Rates, Child Tax Credits, & Cryptocurrency
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5 Different Types of Investing Risks - Part 2
5 Different Types of Investing Risks - Part 1
Impact on Death of a Spouse
7 Tips & Ideas On How To Spring Clean Your Finances
Potential Changes In The Tax Laws
Consumer Spending & Demographics - Where Is The Market Headed?
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