Investor Insights: September 6, 2022

September 6, 2022

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need to know and provides tips and tricks to help you make better investment decisions. If you would prefer not to receive these weekly updates, click the button below.

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Most investors fear a recession; however, the average US stock performance during a recession was +1%. Additionally, just 1 year after a recession the return increased to an amazing +24.5%.₁

The average annual growth rate of the U.S. prime working-age population is projected to slow to just 0.2% over the next 3 decades, down from a 1% average annual growth rate over the past 40 years. By 2100, as much as two-thirds of the country could be out of the workforce and financially dependent on the remaining one-third.₂

Consumers who carry a balance on credit cards are now paying an average annual interest rate of 17.96%, the highest level since 1996.₃

The volatility of the markets has drastically reduced the number of companies looking to go public this year, with just 58 companies having used traditional IPOs to list their shares, raising $4.6 billion. This compares to 283 traditional offerings for the same period in 2021, which collected $96.4 billion.4

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Morningstar- "US Stock Performance During Recessions"
Barron's- "The Labor Shortage Will Get Worse and May Last for Decades"
Bloomberg- "Credit Card Interest Rates Hit Highest Level in More Than 25 Years"
Barron's- "Chobani's IPO Would Have Been a Big One. Now It's Gone."

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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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