US Household Wealth Falls for 3rd Consecutive Quarter
U.S. household wealth fell by $400 billion in the third quarter as a drop in U.S. stock prices outpaced gains in real estate values, a Federal Reserve report showed Friday.
Pre covid I was putting about $1800 a month into savings. My wife and I are both retired and have retirement pensions. The amount has steadily gone down and 5 months ago I had to pull a little bit of money out of savings to cover our lifestyle that had not changed. I have pulled more a bit more every month since and I am now pulling out about $1000 to cover expenses.
The business man that used to run shit around here had me and everyone I know smiling ear to ear as far as our retirement/investments/401k was concerned and then a guy that's never had a job other than being a career politician takes over and everything goes to shit.
So if we don't have anything in the market and paid off our house, does that mean we made money?
ReplyDeleteThe democrat/socialist/communist plan remains on track.
ReplyDelete"Yawn" This has been going on since I was born in 54. Some have a problem grasping the obvious.
ReplyDeletePre covid I was putting about $1800 a month into savings. My wife and I are both retired and have retirement pensions. The amount has steadily gone down and 5 months ago I had to pull a little bit of money out of savings to cover our lifestyle that had not changed. I have pulled more a bit more every month since and I am now pulling out about $1000 to cover expenses.
ReplyDeleteThe business man that used to run shit around here had me and everyone I know smiling ear to ear as far as our retirement/investments/401k was concerned and then a guy that's never had a job other than being a career politician takes over and everything goes to shit.
ReplyDelete