Crippling College Costs

April 17, 2023

Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions.

The cost of college tuition in the U.S. has increased by +1246% since the 1980s. This is a massive number even when compared to inflation which has increased by +285%. ₁

Gold was priced around $2,000 an ounce for just the 9th time ever on April 3rd after gaining 7.8% in the first quarter of 2023. In the last 25 years that gold has posted a gain in the 1st quarter, it averaged a rest-of-year gain of 12.4%. ₂

JPMorgan, Citigroup, and Wells Fargo reported more than $22 billion in profits last quarter, up by more than a third compared with a year ago. Combined revenue was more than $80 billion, up 19% from a year ago. JPMorgan’s stock jumped about 8% Friday, making it the best performer in the S&P 500. ₃

Yields on I savings bonds are falling. These inflation-linked bonds soared in popularity over the past two years as investors looked for ways to shield their cash from rising prices. Just a few months ago, they were at a historic 9.62% rate. Now that figure is expected to fall to 3.8%. ₄

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Chart Daily - "U.S. Bureau of Labor Statistics"
MFS - "Beyond the News"
WSJ - "There Was No Crisis for JPMorgan and Its Big-Bank Peers"
Bloomberg - "I Bonds Lose Their Luster With Yield Set to Plunge Below 4%"

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Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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