The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. December kicks off "small business" month at MONECO. All month long we will be highlighting ways we can all support small businesses within our local communities this holiday season and beyond.
In this issue:
- Employers Prepare For Raises In 2022 (2 min read)
- Looking Ahead At Consumer Confidence (3 min read)
- 12 Big Hurdles For Small Business (3 min read)
- BONUS: Giving The Gift Of Financial Planning
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Employers Prepare For Raises In 2022
Have a job? Like your job? If the answer is yes to both, even more good news may be coming for you in 2022. Many employers are preparing for raises in the new year, to retain and attract employees in the current tight job market. Others state that this move could also be to counteract the recent signs of inflation. Whatever the true motivation, the holidays this year may run into the new year! As always, if you have any questions and we can help, do not hesitate to give us a call.
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Looking Ahead At Consumer Confidence
A confident consumer can be a powerful ally in an economy. But when the consumer starts to have questions, we can measure consumer confidence in everything from retail sales to home buying to the personal savings rate.
In recent months, consumer confidence has been falling as inflation expectations have been rising. So, if inflation slows, does that mean the consumer will regain confidence? It’s possible, but other factors can influence consumer confidence, including perceptions of COVID-19.1,2
When the consumer does regain confidence, we may expect it to be a powerful force driving economic growth. Many may base the 2022 U.S. economic outlooks on a rebound in consumer confidence, leading to increased spending.3
In some ways, the only consumer confidence that matters is yours. Are you optimistic about 2022, or do you have concerns or doubts that are holding you back? We look forward to hearing from you.
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12 Big Hurdles For Small Business
As we continue the theme for December of "small business" month at MONECO, now more than ever, local merchants and service providers need our patronage. For many entrepreneurs, getting over some of the initial hurdles in starting a small business can really set the stage for potential future growth. Here is a list of 12 common hurdles that businesses face and how to overcome them.
Click here to read the full article
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Giving The Gift Of Financial Planning
This holiday season your team at MONECO is giving the gift of financial planning! We know that the past two years have been some of the most challenging financially, emotionally, and personally for all our clients and friends. We want to help you, our clients, and your family and friends overcome these challenges as best we can.
As a value-added service this holiday season and beyond, we want to offer a complimentary financial planning session to all those who are near and dear to help them get their financial plans on track. If they are important to you, then they are important to us, and we want to help. Please reach out to your advisor to learn more and give the gift of financial planning this holiday season!
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1. SCA.ISR.UMich.edu, November 2021
2. Conference.Board.org, November 2021
3. MorganStanley.com, November 22, 2021
The forecasts or forward-looking statements about the 2022 economy are based on assumptions, subject to revision without notice, and may not materialize.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.