For those of us who are older or have an economics degree... - ...is what is happening now relatively normal?
Asking as I know news outlets intentionally dramatises events and most of this sub is < 30 years of age (myself included).
To get a more rational/long-term perspective on things, I'm just curious whether in your opinion what is happening right now is just part of the economic cycle (i.e. we will be fine in a year or two) or are the current statistics and signs pointing to something abnormal/more serious?
As it is, I'm just putting as much as I can into my offset and holding steady. Not a financial expert myself but my "consistent small steps win the race" approach has worked surprisingly well thus far (touch wood).Ausfinance
For those of us who are older or have an economics degree... - ...is what is happening now relatively normal?
Asking as I know news outlets intentionally dramatises events and most of this sub is < 30 years of age (myself included).
To get a more rational/long-term perspective on things, I'm just curious whether in your opinion what is happening right now is just part of the economic cycle (i.e. we will be fine in a year or two) or are the current statistics and signs pointing to something abnormal/more serious?
As it is, I'm just putting as much as I can into my offset and holding steady. Not a financial expert myself but my "consistent small steps win the race" approach has worked surprisingly well thus far (touch wood).
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...