Paycheck-to-Paycheck

March 27, 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.

64.4% of all U.S. consumers now report living paycheck to paycheck, a percentage that has increased nearly 13% since April 2021. Even among high-income earners (who make $100k+), more than half say they live paycheck to paycheck. ₁

Just under half (47.8%) of the deposits at FDIC-insured U.S. financial institutions were uninsured as of mid-March. The FDIC does not insure cash sitting in bank accounts above the $250,000 threshold. ₁

The political and economic uncertainty in the U.S. is seemingly scaring off foreign investors. The total amount of U.S. debt held by foreign investors has fallen nearly 10% since 2019 down to just 29.3%. ₂

Since 1974, the S&P 500 has gained an average of 32% in the six months following a previous low. The smallest gains occurred in 1987 and 2002 when the index rose just 13%. Our last low was back on October 12th, with the stock market rising 11% since then. ₃

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MFS - "Beyond the News"
Barron's - "The U.S. Is Scaring Off Foreign Investors. Is It Becoming Uninvestable?"
Barron's - "The Stock Market Hopes the Worst Is Over. Experience Says It’s Not."

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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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