As reported by Bloomberg , a study shows that a staggering 80% of U.S. households saw their cash savings drop below pre-pandemic levels.
Millions of Americans are in massive debt as rates soar.
The poorest 40% of households suffered an 8% drop in cash savings, and the middle 40% (the U.S. middle class) also saw their bank deposits and other liquid assets topple. Only the wealthiest 20% of households still enjoy the extra cash they stockpiled during the pandemic, with their savings about 8% above in March 2020.
With many Americans now running low on cash in a time of inflation and sky-high interest rates, some financial analysts believe the U.S. economy could run out of steam, with a possible recession in the cards.Inflation is still way too high no matter how often Joe Biden and his media say it’s at zero.Annual increases (November 2022 to November 2023) have been most dramatic […]
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It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.