ilmscore | Rich And Unhappy

Rich And Unhappy

Predictions from this Video

Total: 13
Correct: 0
Incorrect: 0
Pending: 13
Unrated: 0
Prediction
Topic
Status
The Federal Reserve's tapering of asset purchases is expected to continue until approximately July 2022, after which they will assess the economy to determine if interest rate hikes are necessary.
"This will continue for the next eight months bringing us to around July of 2022 at which point the central bank will look at the economy and the data and assess if they need to increase the interest rates."
Federal Reserve Tapering
Pending
Supply chain and labor shortage issues are predicted to persist into the following year, contributing to high or increasing prices even after the Federal Reserve completes its tapering by July.
"The federal reserve has told us that this problem will continue to persist well into the next year and this means that even though we've started to taper off by july when we've completely tapered off there should be no more excuses for us why inflation is still high but if the problem of supply chains and labor have not been solved then prices will still be high or they'll continue to go higher"
Inflation due to Supply Chain and Labor Shortages
Pending
Real wage growth is expected to lag behind inflation, contributing to a perception that economic conditions are worsening.
"even though yes wages have increased they haven't increased 5.4 percent across the board that means real wage growth is actually trailing behind inflation which further feeds into the narrative that things are getting worse"
Real Wage Growth
Pending
Blackrock is predicted to continue investing in real estate.
"blackrock still wants you to smash the loan button because they still keep buying"
Blackrock Real Estate Investment
Pending
Over the past decade, wage growth (35.5%) is predicted to have outpaced inflation and consumer price increases (24.5%).
"that's a growth of 35 and a half percent over the last decade in comparison to inflation over the same time period which is up 24 and a half percent so clearly we are outpacing inflation in terms of wage growth and consumer prices"
Wage Growth vs. Inflation (Past Decade)
Pending
Salary compression is predicted to continue as a phenomenon where employees are left behind financially if companies do not offer frequent raises, especially as the economy becomes more expensive.
"this is another form of inflation that steals from us and this is a very real thing that happens all the time if you work for a company that doesn't give out raises very often it creates a situation where these employees get left behind while the economy gets more expensive"
Salary Compression
Pending
CEOs are projected to earn 351 times more than the average worker.
"we feel it when we go work and realize that ceos are making 351 times more than the average worker"
CEO Compensation vs. Average Worker Pay
Pending
The US government increased the 401k contribution limit by 5.1% (from $19,500 to $20,500), which is expected to provide some relief against inflation.
"the government increased the contribution limit from nineteen and a half thousand to twenty and a half thousand dollars which represents a five point one percent increase which should help with inflation just a little bit"
401k Contribution Limit Increase
Pending
The Federal Reserve's tapering of asset purchases will continue until approximately July 2022.
"this will continue for the next eight months bringing us to around july of 2022"
Federal Reserve Tapering
Pending
Supply chain and labor shortage issues are expected to persist into the following year (likely 2022, given the context).
"the federal reserve has told us that this problem will continue to persist well into the next year"
Supply Chain and Labor Shortages
Pending
To avoid salary compression, it is advised to switch jobs every few years.
"i would just switch jobs every few years that way i don't fall victim to salary compression"
Personal Finance
Pending
Moving to a lower cost of living area can create a 'deflationary reality' where personal finances improve.
"then i would move to a lower cost of living area where i could create my own deflationary reality where i actually win"
Personal Finance
Pending
The government increased the 401k contribution limit to $20,500, which should help with inflation.
"i would invest into a 401k because the government increased the contribution limit from nineteen and a half thousand to twenty and a half thousand dollars"
Retirement Savings
Pending