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December 9, 2024 Investor Insights Thumbnail

December 9, 2024 Investor Insights

Investor Insights

Less First-Time Home Buyers

December 9, 2024

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions. 

 

  • Only 21% of Baby Boomers with at least $1 million in investable assets want to share their wealth with the next generation while they're still alive. In contrast, 53% of Millennials and 44% of Gen Xers with similar assets are willing to do so. 1
  • Home prices continue to push would-be home buyers out of the market. Only 24% of homes are being purchased by first-time homebuyers, the lowest level ever recorded. 2
  • Since the November 5th election, the S&P SmallCap 600 Index has increased by nearly 8%, compared to a roughly 5% gain for the S&P 500. Despite this recent rise, the S&P 600 still lags behind the S&P 500 by more than ten percentage points for 2024 and nearly 40 points since the end of 2019. *3
  • According to a new survey conducted by CreditCards.com, 34% of Americans said they are stockpiling daily necessities, including toilet paper, non-perishable food, and medical supplies, out of fear of increasing prices from proposed tariffs on imported goods. 4

Sources:

  1. Apollo - "Too Good to be True?"
  2. Apollo - "Housing Becoming Unaffordable for First-Time Homebuyers"
  3. WSJ - "For Small Cap Stocks, Look Past the 'Trump Trade'"
  4. Bloomberg- "Fear Over Trump Tariffs Sending Americans Into Debt, Study Shows"

*Past performance is not indicative of future performance

Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter. 

Glen Eagle Wealth, LLC is a member of FINRA, MSRB and SIPC 

Glen Eagle Advisors, LLC is an SEC Registered Investment Advisor 

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