Help a Millennial Today!
As the stock market sell-off continued this week, I saw a headline that asked if Millennials are about to get slaughtered.
Millennials, generally agreed to be those born between 1981 to 1996, are about a quarter of the US population. They are almost 30 percent of the voting age population. And in a few years, they will surpass in sheer numbers what’s left of the outsized Baby Boom generation.
Now comes news that the more well-off of the Millennials, having lived through the Great Recession, expect another such financial calamity in their future.
Paul Volker, the former Fed chairman who helped break the back of the double-digit inflation at the beginning of the Reagan presidency, agrees. Volker says that we’re “in a hell of a mess in every direction.”
USA Today recently reported on a marketing firm study finding that more than three out of four Millennials with $50,000 of investable assets or $100,000 in family income, believe that “it is just a matter of time before the bad behavior of the financial industry leads us into another financial crisis.”
They are right. Volker is right. It is just a matter of time.
Now the Millennials desperately need to learn what to do about it.
Otherwise, they are set up to be financially slaughtered.
Each week we detail the kinds of financial behavior that will necessarily bear bad fruit. Things having to do with deficits and debts, spending and promises, Fed-driven market bubbles, monetary malfeasance, and more.
In fact the things we spell out for our clients here on the RME Gold blog and the developments our brokers follow day in and day out can serve as a “crash” course in economic reality — especially suitable for those Millennials who sense that “bad behavior” will lead to another crisis.
The people who prepare for monetary crises by investing in precious metals are the people who come out on top on the other side of the calamity. We’d like to recommend that you refer the Millennials you know – family members, friends, work colleagues – to this blog. You may also feel free to forward any of our posts and analysis to them. You will empower them to prepare wisely for what they already sense is coming.
In doing so, you not only help them as individuals, you help our country. History demonstrates that the more people who own gold and silver, the more quickly an economy can recover from the tragic implosion of its paper money. Because of their numbers, Millennials will be essential to this hoped-for recovery.
In fact, if they have any questions about the things they read here, or any of the economic and monetary issues on the horizon, they are always welcome to call one of our brokers. You are, too. There is no obligation.
As always, I encourage you to speak with your broker at RME for more market updates. Expert brokers are available Monday-Friday from 9 AM- 5 PM or by special appointment after hours. Call today at 602-955-6500 or toll-free at 877-354-4040.