Transcript
A (0:00)
This is Scott Becker with the Becker Business, the Becker Private Equity Podcast. Today's discussion is the good, the bad, the ugly. So here's the discussion for today. The good news is shares in Montclair rose about 14% on Friday this past week. And this indicates the wealthy are still spending. That's the good news. The ultimate luxury market is doing pretty well. It's holding up pretty well notwithstanding big macroeconomic challenges. The flip side is that 10% of the people are probably doing 90% of the spending. So that's sort of the good news. The luxury market stays pretty solid. The bad news is Yahoo Finance reports that about that most typical Americans have about $1,000 saved for retirement. That's not a misnomer, that's a real number. There are a huge amount of Americans that only have $1,000 saved for retirement. It's daunting for them. It's daunting as a system because it means that the governments get to support those people into old age and so forth. Just a scary number how little save so many people have. No blame here, just a really challenging situation. So the good is that. That's the bad. The ugly is as follows. The. The. The surveys on the job market from actual employees show the. The largest concern in a long time about what the job market looks like. And that's the ugly. So what you got here? Luxury market continues to do okay. The, the bad. Yahoo Finance reports the typical American is less than $1,000 saved for retirement. That's an awful number. That probably should be the ugly and then the ugly. You know, U.S. employees view the job market as just absolutely horrendous. And that's, that's a, a really bad sign as well. Thank you for listening to the Becker Business, the Becker Private Equity podcast. We really appreciate you joining us and listening. Always feel free to text Scott Becker, 773-7653. Your concerns, your issues, your ideas, we'd love to hear them. Thank you so much for listening.