This Week’s Takeaways:
- While the odds of needing long-term care are high, very few people will need it for an extensive period of time which limits the financial damage.
- It will be extremely difficult for the U.S. to grow its way to a more manageable deficit without spending and revenue changes.
- Housing prices are falling in the Sun Belt, especially in the Gulf Coast and Mountain West, which will drive down prices nationally. Boston is still a seller’s market.
- Geopolitical events don’t negatively impact stocks one, three, and twelve months out.
- Don’t click Unsubscribe on those emails you don’t want. It’s another potential trap.
- Plus my latest book recommendation and Things to Do This Weekend in Boston, including a Snob’s Guide to the City.
How Likely Are You to Have an Extended Long-Term Care Need? by Morningstar
The odds of needing long-term care are high, but how likely are you to need it for a long time? Not very. Ten percent of people age 65-plus will need paid care that lasts between two and five years, and another 4.4% of people over age 65 will need paid care that lasts longer than five years.
Can the U.S. Grow Its Way Out of the National Debt Problem? by Wells Fargo
Wells Fargo models three economic scenarios to see if the U.S. can grow its way to a more manageable deficit since enough revenue increases and spending cuts to do it are politically difficult. The most optimistic scenario leaves the budget deficit at 6.5% with a debt-to-GDP ratio climbing to 114% by 2034.
These 96 housing markets are seeing falling home prices by ResiClub
There are 96 markets seeing price declines, concentrated in the Sun Belt, particularly the Gulf Coast and Mountain West. U.S. home prices nationally are expected to turn slightly negative on a year-over-year basis.
See also: It’s a homebuyer’s market — except in Boston by Axios
Morgan Stanley’s Wilson Says Geopolitical Selloffs Fade Fast by Bloomberg
According to the Morgan Stanley team, prior geopolitical risk events have led to some volatility for equities in the short term, but one, three and 12 months after the events, the S&P 500 has been up 2%, 3%, and 9%, on average, respectively.
Think Twice Before You Click ‘Unsubscribe’ by the Wall Street Journal
Clicking “unsubscribe” in emails can lead to malicious websites testing if your email is active. Criminals can build a file on users who click unsubscribe links, hoping to eventually extort money through scams. Use list-unsubscribe headers, mark emails as spam or use disposable email addresses for online sign-ups.
Book Recommendation
The Last One at the Wedding by Jason Rekulak
From the bestselling author of Hidden Pictures comes a breathtaking work of suspense about a father trying to save his daughter from a life-altering decision that will put everything he loves on the line.
Boston Corner
A Snob’s Guide to Boston by Town & Country
