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February 19, 2025 Investor Insights Thumbnail

February 19, 2025 Investor Insights

Investor Insights

The Costly Penny

February 19, 2025

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. 

 

  • In 2024, it cost 3.7 cents to make a penny, up from 3.07 cents in 2023. The U.S. Mint lost $85.3 million last year, producing nearly 3.2 billion pennies. 1
  • From 1996 to 2024, dog-owning households in the U.S. nearly doubled, and cat-owning households increased by 56%. Almost half of U.S. households now own a dog, and one-third own a cat. The pet care industry grew 66% in the past six years, reaching $151 billion in 2024. 2
  • Disney's theme parks division, "Experiences," made up 70% of Disney's operating income in 2023, up from 41% in 2019. In 2024, a typical four-day visit to Walt Disney World for a family of four cost $4,266, up from $3,230 five years earlier. 3
  • Gold futures rose 11% in 2025 after a 27% increase in 2024. Central banks, including those in China, Turkey, Russia, and Poland, have been buying gold to diversify away from the dollar. Global investment demand for gold increased by 25% in 2024. *4

Sources:

  1. WSJ - "What Trump’s Plan to Stop Minting Pennies Means for Consumers"
  2. Barrons - "Americans Are Spoiling Their Pets. Buy This Gourmet Meal Maker’s Stock."
  3. WSJ - "Even Disney Is Worried About the High Cost of a Disney Vacation"
  4. Barrons - "Gold Has Surged. Why Gold Mining Stocks Are a Better Bet."

*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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