October 2021 – 3 in 3
This month Jason Weaver discusses the supply chain, savings rate and working age population.
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)
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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October 2021 – 3 in 3 Weaver Consulting Group is a local, family owned, Registered Investment Advisory practice in Huntington Beach, California. We have been providing our expertise and sharing our experiences for the last 22 years. It is our priority to act in the best interest of each person that we work with. Therefore, the experience you have with our firm is individually tailored. We strive to include all aspects of your personal and financial goals when consulting.