The Federal Reserve should move as far away as possible from the money-printing policies that have defined the last two decades.
A recent article in The Wall Street Journal cited new survey data to document a dramatic turnaround in the financial outlook of the millennial generation. The improvement, as with the reason millennials’ professional lives began with such a rocky start, has much to do with actions taken by the data compiler: the Federal Reserve.
It doesn’t take a rocket scientist to see an association between Fed policies and their effects on Americans’ financial lives. It provides yet another data point reinforcing that the Federal Reserve should move as far away as possible from the money-printing policies that have defined the last two decades of monetary and economic policy.
Wealth Measures Growing
An analysis by the St. Louis Federal Reserve Bank found that, adjusted for inflation, median net worth more than doubled for millennials born in the 1980s, and more than quadrupled for those born in the 1990s, from 2019 through 2022. (Median net worth refers to the 50th percentile of wealth and therefore minimizes the distortionary effects of a few people who have achieved extremely high net worth.) […]
— Read More: thefederalist.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
