I’ve got some alarming news about the financial state of our country that needs your immediate attention. U.S. consumer debt isn’t just rising; it’s skyrocketing to levels we’ve never seen before, while at the same time, our savings rates are tanking—hard and fast.
A Dangerous Cocktail: Soaring Debt and Sinking Savings
Right now, Americans are drowning in credit card debt. We’re talking about a historic spike, the highest ever, and it’s not just by a small margin. People are increasingly leaning on plastic for everyday expenses, driven by rising costs of living and wages that just can’t keep up.
At the same time, our national savings rate has hit rock bottom. This isn’t just unfortunate; it’s downright dangerous. After burning through savings during the pandemic, too many folks are left with little to no cushion for the unexpected, and trust me, the unexpected always happens.
The Grim Outlook
Let’s be real—the financial weather forecast is looking stormy, and it’s likely going to get worse before it gets better. With no savings to speak of and more money flowing out than in, many are just one emergency away from a financial disaster. And if interest rates climb to tackle inflation? Those monthly credit card payments could skyrocket, pushing many over the edge into default or worse, bankruptcy.
A Silver (and Gold) Lining
So, what’s the move? How do you safeguard your finances in times like these? Here’s a strategy: diversify your wealth with physical precious metals. I’m talking gold, silver, platinum—assets that have stood the test of time as reliable stores of value, especially when traditional financial systems show signs of strain.
Investing in physical precious metals can be a wise move right now. They tend to hold their value and even appreciate when other assets plummet. This isn’t just about playing defense; it’s about positioning yourself to weather potential storms and maybe even come out ahead.
Take Action
At Everlasting Wealth, we understand the gravity of the situation, and we’re geared up to help you navigate these choppy financial waters. Diversifying into precious metals isn’t just a panic move; it’s a strategic one. By adding physical gold or silver to your portfolio, you’re not just protecting your assets; you’re securing a foundation that can withstand economic shocks.
Conclusion
The financial instability flags are waving red, folks. With consumer debt at an all-time high and savings scraping the bottom of the barrel, the time to fortify your financial defenses is now. If you’re ready to take control and protect your future, let’s talk about how precious metals can play a role in your financial strategy. Don’t wait for the storm to hit—prepare now.
Stay safe, and smart with your money.
Jeremy Blossom, Senior Analyst, Everlasting Wealth
