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November 11, 2024 Investor Insights Thumbnail

November 11, 2024 Investor Insights

Investor Insights

10x the Debt

November 13, 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. 

 

  • From 1789 to 1989, the U.S. debt reached $2.9 trillion. Since then, it has grown by $33 trillion, over 10 times more in just 35 years. By 2030, mandatory spending and interest payments are expected to surpass tax revenue, leading to a permanent deficit. 1
  • Since 1928, when the S&P 500 has had a gain of 20%+ by November, it has averaged an additional 5.4% gain in the last two months, with positive returns 13 out of 16 times. In other years, the average gain is 1.7%. *2
  • The number of publicly traded stocks in the entire U.S. stock market peaked at 7,378 stocks in 1998. Now, it has 3,370 stocks due to acquisitions, bankruptcies, and fewer IPOs. 3
  • U.S. homebuyers are now the oldest on record, with the median age of first-time buyers reaching 38. That's up from 35 last year and marks a new high in data going back to 1981. 4

Sources:

  1. WSJ - "How to Grow Out of America’s Debt Woes"
  2. MFS - "Beyond the News"
  3. Barrons - "Small-Cap Stocks Are Vanishing. 5 Funds to Play the New Landscape."
  4. Axios - "America's homebuyers are older than ever"

*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 

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