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8 Financial Predictions for 2018

FGGAM NEWS just received this news release from WalletHub:

With an especially eventful year nearly in the books, WalletHub today released its 2018 Financial Predictions, based on a survey of finance experts. Foresight helps consumers better manage their finances, and WalletHub’s predictions have earned an impressive 3.56 GPA over the past six years.

  1. U.S. GDP Growth Will Remain Near 2.5%
  2. Unemployment Will Crack 4%
  3. The S&P 500 Will Top 2,900 & Finish at 2,838
  4. The Fed Will Raise Rates Three Times, Costing Borrowers Billions
  5. Credit Card Debt Will Break All-Time Records, Topping $1 Trillion Owed
  6. Consumer Credit Scores Will Peak in 2018
  7. U.S. Auto Sales Will Top 17M for the Fourth Straight Year
  8. Existing Home Sales Will Again Top 5M, Despite Higher Rates

For the full report, including forecasts from a panel of economists, please visit:  https://wallethub.com/blog/2018-financial-predictions/43349/

Wisdom is a shelter as money is a shelter, but the advantage of knowledge is this: Wisdom preserves those who have it. Ecclesiates 7:12

The rich rule over the poor, and the borrower is slave to the lender. Proverbs 22:7

For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs. Timothy 6:10

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