The year is coming to an end. Some say 2016 was a great year, while others will say they’re glad it is finally coming to a conclusion.
Although it wasn’t perfect, there were some great surprises: Hillary Clinton lost, the mainstream media lost, the European Union (EU) elite lost and social justice warriors are shedding many, many tears.
What will 2017 look like? It should be an interesting one that’s for sure.
WalletHub has a list of 10 financial predictions for 2017. This list is meant to give American consumers a head start to preparing for next year’s numerous narratives.
After speaking with an array of economists and financial experts, the personal finance website came up with this list. Enjoy!
U.S. GDP Growth Will Remain Anemic, At 2.1%.
Unemployment Won’t Go Far, Finishing Around 5%.
The S&P 500 Won’t Do Much Better Than An Online Savings Account.
U.S. Auto Sales Will Surpass 17M For The Third Straight Year.
Existing Home Sales Will Rise To 6M, Despite Higher Rates.
The Fed Will Raise Rates Twice, Bringing Its Target to 1.125%.
Credit Card Debt Will Break All-Time Records, Topping $1 Trillion Owed.
Consumer Credit Scores Will Peak At 675 In 2017.
The Consumer Financial Protection Bureau Won’t Die.
Charge-Offs Will Top $30 Billion, Limiting Credit Availability.
What do you think will happen in 2017? Let us know in the comments section!
I will pay off $7,200 of my $15,000 debt. I am not worried about credit card debt topping 1 Trillion, that is only about 6% of GDP. There is less than a 10 % default rate. We are living in a debt fueled economy without debt many would be out of a job. The government debt of over 20 Trillion and growing is the bigger problem, once the money is spent it is never paid back. Unlike credit card debt.
A debt economy is always based upon money that does not exist, just a notation in a ledger book, nothing more.
The more the debt, the greater frequency there is of financial collapse(s) in an ever closer cycle of time. Debt spending historically has proven this regardless of how it is whitewashed with pie in the sky promises, or fancy verbal gymnastics.
To cure a problem you go after the root cause, not the symptoms; you dont put a bandaid on cancer.
The root problem started with the biggest lie ever told in this nation the Federal Reserve Act, and the 16th amendment. It has festered with out even claiming what the symptoms are, much less the revealing of the root cause.
The economy will not “get better” by its debt nature, it can not.
And, it will come to an ugly, and disasterious conclusion.
But, no one will ever blame the cause, just the party in power at the time. This is historical fact.
The less debt a person has, the better off they will be at the time of the coming collapse, and an even greater position to be in will be having a wealth factor of hard assetts in hand.
Just a prediction that I have always spoken of, as I watch the path of a/ the debt economy just get worse.
17 million in new auto sales, projected in 2017, or the millions more used car sales without debt would not be possible. Neither would the 6.5 million new home sales or 5 million used homes sold in 2016. Debt is not the problem, it is a too big to fail banking system that takes on too much risk in stocks, bonds and derivatives like credit default swaps. Trillions of dollars in risk on paper to make a buck, is a bigger risk than home, auto and credit card debt.