Planning Briefs
The Cost Of Not Having A Financial Plan Is Surging
Published Tuesday, March 2, 2021 at: 9:23 PM EST
The speed of change has accelerated rapidly, driving up the cost of failing to update a personal financial plan. The pandemic has spawned federal payments to Americans at a level never seen before. While the future remains clouded by the pandemic, Americans are amassing an unprecedented mountain of cash. Here’s a new snapshot of the unprecedented change in disposable income and savings, according to the latest data from the U. S. Bureau of Economic Analysis. While the chart only goes back to 1997, the two surges in the last year in these two enormously consequential factors driving growth of the economy are...
©2021 Advisor Products Inc. All Rights Reserved.
More articles
- Equity Risk Premium Grew Wider And More Important
- The Facts Amid Rising Fears Of Inflation
- New Identity Fraud Tactic Targets Amazon Prime Users
- A Professional Perspective On 2020, The Cruelest Year
- Viewing Financial News Through The Long Lens Of History
- Act Before Hitting The Crossroad Of Fiscal And Tax Reality
- The Bull Market Broadened Recently
- An Important Investment Idea To Remember In 2021
- New Covid Aid Law Waives 10% Penalty On Pre-59½ Retirement Plan Withdrawals
- What Business Owners Need To Know About The New Aid Package
- A Call To Act On The Coming Tax Hikes
- Staying Focused On Strategic Financial Planning
- Will M2 Be The Big Investment Story Of 2021?
- Test Your Knowledge Of Urgent Wealth Management Issues
- Neither Red Nor Blue, Tax Planning Is All About The Green