This month Jason Weaver discusses the supply chain, savings rate and working age population.
Supply Chain
Record consumer demand has created a global supply chain crisis
Ports, Port Drivers, Trucking, Containers, Exporters, Storage, Railroad, retailers, and consumers are all affected
Costs as much as $25,000 to import a 40-foot container from Asia, up from less than $2,000 two years ago.
High Demand & Low Supply has created inflation in all goods (automobiles, furniture, etc)
Savings Rate
Income left over after people spend money and pay taxes is personal saving.
Current Savings Rate: 9.4%
Long-term Avg: 8.8%
Working Age Population
In September 2021, the working age population (age 15-64) in the US had over $205M people
Millennials accounting for the largest generation in the US workforce
Less competition for jobs could create wage inflation as workers will command higher pay
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