March 5, 2024 Market Moment
Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
3/5/2024
- Breaking into the top 1% of wealth in the US is becoming more challenging. Individuals now would require at least $5.8 million to join, nearly 15% higher than the previous year. 1
- $100K invested 30 years ago would have very different values on an inflation-adjusted basis depending on where it was placed. A cash investment would have lost 52.5% of its value, a bond investment would be up 55.2%, and a US stock investment would be up 766%! *2
- In 2023, the US experienced the highest number of major work stoppages since 2000, involving 33 strikes with over 1,000 workers each. Among the 459,000 striking workers 48% worked in education or healthcare and 43% in information services. 3
- The top 20% of income earners in the US drive nearly 40% of consumer spending, while the lowest income group contributes only 9%. 4
Sources
- Bloomberg - "How Much Wealth You Need to Join the Richest 1% Around the World"
- BlackRock - "Student of the Market"
- MFS - "Beyond the News"
- Apollo - "Shares of Consumer Spending, by Income"
*Past performance is not indicative of future performance
Client Focused Trading® for large institutions, pensions, hedge funds, wealthy families, and private equity for over 30 years.
Glen Eagle Wealth, LLC is a member of FINRA and SIPC
This desk commentary is for informational purposes only
Carol Ann Fernandez, Rob Michel, Grier Vacek
(609) 631-8231
www.gleneagleadv.com
Glen Eagle Wealth, LLC | 4422C Route 27, PO Box 399, Kingston, NJ 08528-0399
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