Advise Financial

Social Security and Divorce
Todo lo que debes saber sobre el Social Security y el divorcio
15 de September de 2023
Noticias Financieras – UP2DATE News de Advise Financial
25 de January de 2024
Social Security and Divorce
Todo lo que debes saber sobre el Social Security y el divorcio
15 de September de 2023
Noticias Financieras – UP2DATE News de Advise Financial
25 de January de 2024

Financial News – UP2DATE Advise Financial News

In UP2DATE News you will find the main Financial and Economic News for the week ending January 25, 2024.

Surprising Growth in 2023

According to the preliminary estimate, the US Q4 GDP expanded at a 3.3% annualized rate, surpassing expectations, and defying recession fears. The economy grew 2.5% for 2023.

Source: Bloomberg

US business activity picks up

US Composite PMI Output Index, which tracks the manufacturing and services sectors, rose to 52.3 in January, the highest level since last June.

Source: Reuters

Homebuyer demand pushes mortgage applications higher

Mortgage applications for home purchases increased 8% last week, as per the Mortgage Bankers Association's index. The average interest rate rose from 6.75% to 6.78%.

Source: CNBC

US New-Home Sales Exceed Forecast

US new-home sales unexpectedly surged in December. Sales jumped 8% to a 664,000 annual pace, exceeding forecasts and marking the first annual increase in three years.

Source: Bloomberg

Younger Americans Don’t See a Path to Retirement

21% of young Americans (22-34 years old) see retirement as unattainable due to high debt, tough jobs, and soaring costs, which is almost double the previous generation (11% of those aged 35-49).

Source: Bloomberg

44% of Americans can’t afford a $1,000 emergency

Nearly half of Americans have no emergency savings and rely on debt to cover unexpected expenses. About 44% of Americans cannot pay for an unexpected $1,000 emergency from their savings.

Source: CNBC

Note: does not represent advice or offer of services, only for educational purposes.

Alonso Rodríguez Segarra
Alonso Rodríguez Segarra
Founder & CEO Advise Financial advise-financial.com Alonso Rodriguez Segarra is a “CERTIFIED FINANCIAL PLANNER™” named by Investopedia among the Top 100 Financial Advisors in the USA  with more than 20 years of experience. His specialty is helping those people who want to plan for their retirement or optimize their retirement, with Hourly Financial Planning always looking for the best for his clients, under fiduciary criteria.

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