Anyone else have money anxiety - Like most of you (I assume), my wage isn't going up as much as inflation is. Technically speaking, I can still afford some luxuries in life but I find it hard to justify given the rising cost of living/my mortgage. In particular, it worries me there's no end in sight to the increases and it seems like we might fall off a cliff (enter into a recession) soon if unemployment rises. Even if we do, it might be a stagflation - i.e. the worse of both worlds.
I don't know - things just feel uncomfortable right now. Like there's a weight sat on my shoulders and chest. Want to attend an event? Want to eat out? Want to buy some new clothes? My head says I can technically afford it but my emotions lead me to save up as much as I can just in case.
Anyone else feeling insecure about their financial future? My income to debt ratio is around 4.5Ausfinance
Anyone else have money anxiety - Like most of you (I assume), my wage isn't going up as much as inflation is. Technically speaking, I can still afford some luxuries in life but I find it hard to justify given the rising cost of living/my mortgage. In particular, it worries me there's no end in sight to the increases and it seems like we might fall off a cliff (enter into a recession) soon if unemployment rises. Even if we do, it might be a stagflation - i.e. the worse of both worlds.
I don't know - things just feel uncomfortable right now. Like there's a weight sat on my shoulders and chest. Want to attend an event? Want to eat out? Want to buy some new clothes? My head says I can technically afford it but my emotions lead me to save up as much as I can just in case.
Anyone else feeling insecure about their financial future? My income to debt ratio is around 4.5
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...