What is the economy telling us about 2021? 

The equity markets are in record territory. Consumer economic markets are strong. Consider these data points from the Generis Group:

  • From April through June last year, Americans put away an astonishing 25.8% of their disposable income, compared with 7.3% over the same months in 2019. That’s over three times as much! 
  • From March 2020 to April 2021, the personal saving rate averaged 18.7%— the highest rate over that length of time since WWII. 
  •  The Dow Jones Industrial average is up 27% since March 2020. 
  • The S&P 500 Index has been up 31% since March 2020. 
  • The amount of funds in “checkable deposits” — not stock and bonds but money people can get their hands on right now — increased from $19 trillion in February 2020 to $39 trillion in July 2021! That’s more than DOUBLE!

Indeed, not everyone has benefited from this strong economy, yet there are two things I would like you to consider in light of this particular economy:

FIRST, don’t wait until the economy has a downturn before you consider putting a financial plan into place that will serve your future. Our next Blueprint to Financial Freedom course is a great way to develop a long-term financial plan. The real point of this class is to learn the principles of biblical stewardship and provide an encounter with God related to our money and possessions. REGISTER HERE

SECONDLY, grow in your trust in God as your provider. Be generous with the resources he has blessed you with,

See you on Sunday!