FGGAM NEWS just received this news release from WalletHub:
With an especially eventful year nearly in the books, WalletHub today released its 2018 Financial Predictions, based on a survey of finance experts. Foresight helps consumers better manage their finances, and WalletHub’s predictions have earned an impressive 3.56 GPA over the past six years.
- 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
For the full report, including forecasts from a panel of economists, please visit: https://wallethub.com/blog/2018-financial-predictions/43349/
Wisdom is a shelter as money is a shelter, but the advantage of knowledge is this: Wisdom preserves those who have it. Ecclesiates 7:12
The rich rule over the poor, and the borrower is slave to the lender. Proverbs 22:7
For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs. Timothy 6:10