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Financial Winners and Losers mid-2017 ed.

Financial Winners and Losers mid-2017 ed.

Every few months I think about who has been killing it and who is getting screwed. Financially, of course. Maybe this is something I should be sharing with my audience here because, well, it seems to me that normally the same groups of people end up on the winning side of the equation. 

Winners in 2017:

  • Anybody in the US stock market - in case you didn't notice, we are currently within a couple points of an all time high which looks like this:

 

  • Property owners - Property has gone up in value across the board, free money just for sitting and doing nothing right? Actually I should refer to this as equity.
  • Landlords - when you rent out a house and the market value of the house goes up, you are almost certainly winning.
  • People with jobs - there are numerous sources citing a 3% pay increase this year. That's better than a sharp stick in the eye! Especially if you can save it, thats 3% more savings right?
  • People who claim dependents on their tax returns - you pretty much always come out ahead of the curve with more writeoffs.
  • Savers - if you save money, you pretty much always win too. This is in essence the goal of a financial blog is to get you in better financial shape by saving money. 

Losers:

  • Renters - price taking in this economy is just nuts. Here's an article detailing just this. I predict the increases in rent will increase further especially in the heavily populated areas. 
click for Source

click for Source

  • People living month to month - you need to start saving! unless of course your month to month is something you think that you can do until you are 85 years old the exact same way.
  • Anybody relying on the benefits of Social security - Please don't rely on this ever. It is basically just a matter of time until payouts are cut drastically. Funny thing, paying in stays the same or gets worse. Oh government institutions, you are such treasures.
  • Anybody at the DMV for any reason - you are losing at life, trust me. 
  • The unemployed - I personally feel that if you are going to be unemployed by choice or otherwise, it should not be when unemployment is low. you are in fact short changing yourself for when time's actually get bad. Stay employed when time's are good and build your resume. 
  • College grads - I see college graduates working at bakery's, coffee shops, Ups/Fedex, etc.... I feel that college is not necessary or should not be necessary to obtain these positions. College is now a predatory institution in the USA, where many students are getting stuck with the bill for services rendered, and perhaps they really got a raw deal. Society has been pushing college as the only way to live life and that reality is far from the truth.  

I feel like I should apologize for this because it's such a rough revelation in general. Note that some of these issues are stemming from things far beyond the realm of finance, but they directly affect it. If the market was in a downturn I feel like not that many things would change here. Really, I think that holding stock in a downturn for lack of better investments is not a terrible idea. After all, it grows back right? Like a lizard's tail or arm.

Really instead of a winning section 2017 it should just say winning in general, year over year, every year. But hey, we can stop and revise the list in 6 months and I bet not much will change.

yeesh I have a case of the Mondays and its Tuesday

yeesh I have a case of the Mondays and its Tuesday

Don't Micromanage your Finances

Don't Micromanage your Finances

Forced to be Frugal

Forced to be Frugal