"Depending on who you talk to, the American economy is either poised to soar into the stratosphere or fall off a cliff. As the current administration has been delighted to point out, the Dow Jones Industrial Average recently closed above 50,000 for the very first time. However, that does not reassure the 72% of American consumers who, according to Pew Research, feel pessimistic about the economy-citing concerns about the cost of healthcare, food and consumer goods, and housing."
"Even with the current good news about the market, there's a reason why it feels like we're all waiting for the other shoe to drop. We are all facing a great deal of uncertainty as investors and consumers, between recent (albeit temporary) market volatility in response to political and economic news and the way AI is disrupting the market and the economy."
Stock indices have reached record highs while a large majority of consumers remain pessimistic due to rising costs for healthcare, food, consumer goods, and housing. Market optimism coexists with uncertainty driven by political and economic news, temporary volatility, and AI-related disruptions to markets and the economy. Consumers and investors face anxiety and consider drastic moves like liquidating investments. Unclaimed retirement accounts are widespread, with about 31.9 million accounts and roughly $2.1 trillion left behind by departing employees. Knowing the location and status of retirement accounts is a critical step in preparing finances for a potential market correction.
Read at Fast Company
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