There’s plenty of good news for American workers…
The nation’s unemployment rate dropped to 5.4% in July – its lowest level since the start of the pandemic. And wages for civilian workers increased by more than 3.2% on a year-over-year basis.
But here’s the bad news: Inflation was up 5.4% over the same 12-month period.
So even though more people are working and making more money… their purchasing power is decreasing.
For instance, 43% of Americans under age 35 need financial help from their parents or other family members to purchase a home… and that’s at a time when single-family home prices are hitting record highs.
If you don’t want to see inflation eat away at your hard-earned savings, we suggest you follow our strategies at PBRG…
On Thursday, Daily editor Teeka Tiwari showed how you could have easily doubled your long-term returns buying bitcoin’s recent drop. And chief analyst Nilus Mattive showed you how the “holy trinity of retirement investing” can protect your nest egg.
You don’t need a lot to make a lot with our proven strategies. So, if you want to beat inflation or just protect yourself from it – do yourself a favor and catch up on our biggest ideas of the week…
Editorial Director, Palm Beach Daily
P.S. While inflation continues to rise, an “inflation-proof” crypto opportunity called “Genesis” is poised to change the way we invest, bank, and more, for decades to come.
And as these Genesis crypto projects expand, the prices of their underlying cryptos can only go up…
That’s why Teeka recently sat down for an interview about Genesis, and shared a way for investors to get positioned right now… click here to watch.