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techo de la deudo USA
What is the debt ceiling and how can it affect my investments?
12 de May de 2023
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25 de May de 2023
techo de la deudo USA
What is the debt ceiling and how can it affect my investments?
12 de May de 2023
Miami, Florida
¿Mudarme a Miami es una buena decisión financiera?
25 de May de 2023

Trends in financial news UP2DATE News

In UP2DATE News you will find the main news for the week to May 18, 2023, along with our analysis of each one:

Wholesale sales grow less than estimated

 

Wholesale sales grew almost 0.4% in April, however estimates were at 0.8% after March's 0.7% drop. The positive sign is that consumers continue to buy and there is no significant decrease in consumption.

 

Source: Yahoo Finance

Jobless claims fall at pace not seen since 2021

 

Unemployment applications fell 22,000 to 242,000 applications last week, this drop is mainly due to the fact that in previous weeks there was a problem of identity theft that fraudulently inflated the figures.

 

Source: Bloomberg 

Existing home sales fall to 3-month low

 

According to the National Association of Realtors, existing homes have slowed down their sales rate, according to which contract closings fell 3.4% last month, representing a rate of 4.28 million existing homes sold per year.

 

Source: Bloomberg

Households close to reaching their debt ceiling

 

Household debt is also close to reaching its limit, in the first quarter total consumer debt stood at $17 trillion, while credit card debt reached $986 billions.

 

Source: CNBC

Generation X, concerned about Social Security

 

Of Generation X, only 45% of those surveyed by the Northwestern Fund are "Somewhat or Very Confident" that Social Security will be there to help them when they need it, more than half say they are not prepared for retirement.

 

Source: Bloomberg

Young investors exit their stocks

 

According to BankRate, 53% of Gen Z investors indicated they would buy more shares this year, yet they are doing the opposite, with almost half either selling or not buying more shares.

 

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.

1 Comment

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