American savers lost an estimated $500 billion due to low interest rates since the financial crisis Remember When Americans Used to Save Money? Me Neither
A savings account used to be the holy grail of personal financial responsibility, but these days, Americans are in no position to save even a dime.
Some Disturbing Facts About Americans and Their Financial Outlook
*Low interest rates have kept Americans from saving $500 billion to $2 Trillion over the past 10 years
*40% of Americans can’t cough up $400
*Over half of all new jobs in the workforce are taken by people over the age of 55
*More Americans say they are having to put off retirement to support their kids
*Low interest rates and Quantitative Easing by the Federal Reserve have resulted in a massive stock market bubble
Gold Remains Undervalued Amidst a Sea of Toxic Financial Instruments
Gold remains traded at a level of around $1290/ounce, but if the market takes a sudden dive in a new recession, it won’t surprise anyone to see gold double or even triple in price the same way it did between the late 90’s and 2013.
That’s why it’s best to get some gold now while it’s cheap. If you have a 401k or IRA and want real physical gold as well as the tax benefits of an IRA, check out this free gold IRA kit for qualified investors.
Return to The Best Gold IRA Rollover Guide
Author adminPosted on April 26, 2019May 9, 2019Categories market newsTags 40% of americans don’t have $400 saved, americans savings rate, economy, fed reserve low interest rates effects on savings, finance, financial news, inflation, markets, news, savings accounts, usa, workforce statistics
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