The Economic Outlook and Investment Strategies for 2023

With the new year approaching, there is no better time to review your finances and make the necessary adjustments to ensure you're on the right track for 2023. The big question is whether or not economic conditions improve or worsen in 2023.

 

The Fed has rapidly raised interest rates to make personal loans and credit cards more expensive. As borrowing costs rise, consumers may cut back on spending, lowering demand and preventing it from exceeding supply. It may take some time for the Federal Reserve's activities to impact consumer spending. 

 

Inflation may be more manageable sometime in 2023, but we are obviously not there yet. Therefore, the best thing consumers can do for the time being is to reconsider their spending and cut back on non-essentials while simultaneously seeking ways to save on necessities.

 

Tune in to The Free Retiree show and stay updated on what you should expect from the economy and your investments in 2023!

What you’ll learn in this episode: 

 

• Bad and good things to expect in 2023 economic status 
• Will unemployment worsen in 2023? 
• Tips for preparing your finances for the upcoming year
• Mistakes to avoid when investing in 2023