Cost of Living, Margin and Credit Has Severely Impacted American Buying Power
On a recent episode of the Wealth Transfer show, financial analyst Terry Sacka, AAMS provided some insightful data highlighting the gaps between wages, cost of living, margin and debt in America.
As the show proceeded Mr. Sacka displayed several charts citing evidence conclusive to this fact. According to data from the Financial Industry Regulatory Authority (FINRA), the Stock Market Margin Debt had surpassed over 650 billion dollars in January of 2018 at its peak and settled just below that in the last couple of months. This number is a staggering more than double the 300 billion dollars in debt back in 2012.
On the show he also displayed charts detailing the debt used to maintain standard of living which displays the gap between wages and the cost of living. He also broke down other financial charts with insightful data which can be seen in the video below.
Mr. Sacka went on to say, "If we really diversify properly, which personally to me is a third to a half of our net worth into tangible assets and the rest into paper."
About Terry Sacka
Terry Sacka, AAMS is the founder of Cornerstone Asset Metals, a dealer in natural resources (precious metals to be specific), and offers gold, silver and other precious metals backed IRAs, backed by real physical, tangible hard assets, not paper investments. Mr. Sacka has been quoted several times by some of the most respected financial publications, such as Investor's Business Daily, Institutional Investor and the Wikipedia page "Silver as an Investment".
Through Cornerstone Mint, Cornerstone Asset Metals sells Cornerstone Crowns, the only Hallmarked .9999 LBMA/COMEX/Shanghai Certified Judeo-Christian Fine Silver Coins available. Precious metals are a hedge against a declining stock market and U.S. Dollar falling in value.