John Baumgartner, Mizuho managing director, joins CNBC to discuss trends in consumer spending pullbacks, what the reduction in restaurant spending may mean for stocks, and more.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement.
You got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell them later when they go up. Just do your homework and be aware of the risks before diving in!
@@KarenDuncan-o5s Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e. a financial advisor. You could anywhere between 10-40k with the right ones. Online businesses are a good bet too if you are savvy.
@@RhondaArmstrong-y4d Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
@@JacobReynolds-t7v Victoria Carmen Santaella is the licensed advisor I use. Just research the name. You’ll find the necessary details to work with a correspondence to set up an appointment.
@@RhondaArmstrong-y4d Thank you so much for your helpful tip! I was able to verify the person. She seems very proficient and I'm grateful for your guidance.
We’ve been cutting back for over a last year. Crazy fees, terrible food, high expectations for bigger tips, etc etc. And eating at home is so much healthier
The ridiculous amount of junk fees on the bill plus the guilting of consumers to be tipping way over the norm are turning off a bunch of my friends on going out.
Thanks to COVID, I was forced to learn how to cook for my own sanity. The restaurant price increases are just becoming unreasonable. When you know how to cook, you start to realize how restaurants are big ripoffs. Heck, if even if you just know how to put chicken strips and fries in the air fryer, you will realize how it's a terrible idea to visit fast food places.
I went to brunch at the beginning of the month…regretted it. $80 for an appetizer, drink, eggs and bacon plus 20% tip…ridiculous. I don’t know how people afford this…oh wait, I do. Most people are in credit card debt up to their eyeballs trying to be “social”. Blind leading the blind. Im not cool enough to want to have revolving credit card debt balances to keep up. Us uncool people will stick with eating at home and having no debt with growing investment accounts 🤷🏾♂️
Decided to take my god mother out to Brunch, I couldn't afford dinner. 5 people 200 bucks for eggs, potatoes, toast. I won't be doing that again anytime soon.
@@paulkatz2483 When you ask someone where they want to go for their birthday, you don't really have a choice when they tell you, especially if they are 89 and in a wheelchair. I guess I won't be giving options next time.
WING is one of the biggest bubbles i’ve seen. It’s priced like some innovative AI company trading over 120 P/E. Can’t bother with shorting it though because of the low volume it’s highly manipulated to take money from options gamblers.
Yeah there's no future when other people refuse to work with you, and buy some Divine twist of fate they have no need for us, well I guess prison for the next 30/50 years then . . .
