Whether you like to admit it or not, 2017 is coming to an end, and we’re gearing up for another interesting year. But what will the Trump economy look like in 2018?
WalletHub, a personal finance website, published its eight financial predictions for 2018 on Monday.
Here is what they think will happen:
– U.S. GDP Growth Will Remain Near 2.5%
– Unemployment Will Crack 4%
– The S&P 500 Will Top 2,900 & Finish at 2,838
– The Fed Will Raise Rates Three Times, Costing Borrowers Billions
– Credit Card Debt Will Break All-Time Records, Topping $1 Trillion Owed
– Consumer Credit Scores Will Peak in 2018
– U.S. Auto Sales Will Top 17M for the Fourth Straight Year
– Existing Home Sales Will Again Top 5M, Despite Higher Rates
All of these seem quite likely to occur.
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