Psalms 55:22 – “Cast thy burden upon YAHWEH, and he shall sustain thee: he shall never suffer the righteous”
2022: Savings Wiped Out
In 2022, people will see their savings wiped out!
Americans dip into their savings as support from Congress and the Federal Reserve is cut.
People are putting away less money from their wages into savings compared to what they were saving before this plandemic! I call it for what it is.
Yahweh will have the last say, trust me!!
The savings rate is shrinking. When the Fed begins to raise rates, there will be a period where some consumers may take out new loans to help pay their current debt.
If you are struggling to pay your bills right now, it’s not smart to take on more debt!
It’s like, the poor are back in the same position and unable to save.
Americans have made withdrawals from their retirement savings just to get by.
The plandemic forced many to save more money than they had before. Remember the lockdowns?
Many people are choosing to stay home and collect universal pay (government assistance).
How to win
Set goals and set up a budget. Cut back on non-essential spending. This will boost savings.
You may come into extra money in 2022. You might win the lottery? Maybe you get a bonus payout from your job?
Avoid the temptation to spend your extra money.
The more savings you have, the more financial security you’ll buy yourself.
Having 3 to 6 months worth of savings isn’t enough nowadays! You need 1 year.
Do not keep all of your money in the bank. Interests rates are a joke.
Conclusion
Do not expect to see your savings grow with a bank. Inflation is out of control.
Let your New Year’s resolution be to invest in real assets. There are many ways to grow your money without a bank.
Right now, Americans are unable to cover an unexpected $1,000 bill.
Only you can change your financial situation. 2022, will be a year of food and water shortages.
Buy assets as wages will do nothing for the cost of living.
Stimulus and savings ran out in 2021. The system is being drained to prepare for the digital dollar.
They cannot raise rates without the US government defaulting.
DISCLAIMER: I am not a financial adviser. This site is for educational purposes only. It is imperative that you do your own research. I am sharing my opinion from personal research and experience with no guarantee of gains or losses on investments, finance etc.
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