Is The Economy Getting Better?

We all know that the economy is bad. In fact, it’s a phrase we say all too often. If someone can’t find a job, you say, “Oh, well the economy is so bad right now.” The same applies when you notice that people aren’t buying homes, vacationing, or eating out as frequently as they did in the past What does it really mean for the economy to be “bad,” though? Is there a way to measure how “good” or “bad” the economy is, and are things getting better or worse for us financially? Well, the Federal Reserve Bank of Kansas City has attempted to answer that question! It designed an index that can measure the state of the economy by looking at average interest rates and stock prices.

Now that you know that, you’re probably curious about what the index says! Well, its results aren’t stable—there’s definitely been a shift in how the economy is faring. In June, the index dipped below average, a definite downtown from May’s reading! If you trust these readings, it means that the economy is getting worse, not better, and that financial stress is increasing. The Bank thinks this has a lot to do with ever-changing stock prices.

If you’re disheartened to find out that the economy is improving, then you should do something to help yourself, so that you’ll be in good shape no matter what the future brings. Consider working with local investment services to get yourself on the right financial track. One of the best investment services to work with if you’re in the Naperville area is Platinum Financial Associates.

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