Description

Summary:

In this episode of Your Money Call, Diane King Hall discusses the current state of the economy and consumer confidence. She highlights the positive increase in consumer confidence in May, but also mentions underlying concerns about rising prices and inflation. She also introduces the concept of 'dream scrolling', where people spend time virtually looking at dream purchases and envisioning their ideal retirement. Dream scrolling can be a productive activity that helps people avoid unplanned purchases, plan for the future, and understand their financial goals.

Takeaways:

• Consumer confidence rose in May for the first time in four months, indicating a positive outlook on the economy.
• Rising prices, especially for food and groceries, are impacting consumers' view of the economy.
• Dream scrolling, the act of virtually looking at dream purchases and envisioning the ideal retirement, can be a productive activity that helps people avoid unplanned purchases, plan for the future, and understand their financial goals.

Additional Notes:
* You can follow podcast host Diane King Hall @dianekinghall on all social channels.
*This podcast is for educational and informational purposes only. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney.