Small businesses have grown to employ just less than half of the American workforce and over 43% of US GDP (Gross Domestic Product), according to the US Chamber of Commerce. More importantly, small business owners are increasingly optimistic as American consumers continue to spend despite inflation still lingering just in reach of their wallets.
Chase Business Banking CEO Ben Walter sits down with Brad Smith on Yahoo Finance’s Wealth! to talk small business owners’ cheery outlook on growth as they adopt new strategies and technology to “cycle-proof” their businesses from economic conditions.
“Most of them [small businesses] are thinking much more long-term than that, and that’s great. That’s what we want to see. we want to see small businesses looking into the outer years, planning for whatever economic cycle may come. That’s what we advise our clients to do, we advise them to be prepared for robust demand or weak demand,” Walter explains. “We advise them to be prepared for inflationary environments or less inflationary environments. And that continues to be the case.”
#youtube #stocks #news

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple ( or Android (

– Follow Yahoo Finance on social:

X:
Instagram:
TikTok:
Facebook:
LinkedIn: …(read more)

HOW TO: Hedge Against Inflation

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

Retirement savings and inflation: Tips to make sure your money doesn’t run out

Planning for retirement can be a daunting task, especially when you take into consideration the impact of inflation on your savings. Inflation is the rise in the prices of goods and services over time, which erodes the purchasing power of your money. This means that the money you have saved for retirement may not be worth as much in the future as it is today. So, how can you ensure that your retirement savings will be enough to support you throughout your golden years?

Here are some tips to help you make sure your money doesn’t run out in retirement:

1. Start saving early: One of the best ways to combat the effects of inflation on your retirement savings is to start saving as early as possible. The earlier you start saving, the more time your money has to grow and compound. Even small contributions over time can add up to a substantial nest egg by the time you retire.

2. Invest wisely: In order to outpace inflation, it’s important to invest your retirement savings in assets that have the potential for long-term growth. Consider diversifying your portfolio with a mix of stocks, bonds, and other investments that have historically outperformed inflation. Consult with a financial advisor to help you develop an investment strategy that aligns with your retirement goals and risk tolerance.

3. Adjust your spending: As you near retirement, it’s important to take a close look at your spending habits and make adjustments as necessary. Cutting back on unnecessary expenses can help stretch your retirement savings further and ensure that you have enough money to cover your living expenses for the long haul.

4. Consider delaying retirement: One way to combat inflation is to delay retirement and continue working for a few more years. This will allow you to continue earning an income, increase your Social Security benefits, and give your retirement savings more time to grow. Additionally, delaying retirement can help you reduce the number of years you will need to rely on your savings, ultimately preserving more of your nest egg for the future.

5. Stay informed: Keep an eye on economic trends and the rate of inflation, as these factors can impact the value of your retirement savings. Stay informed about market conditions and be prepared to make adjustments to your investment strategy as needed to protect your savings from the effects of inflation.

In conclusion, planning for retirement in the face of inflation can be challenging, but with careful planning and smart investment decisions, you can ensure that your money doesn’t run out. By starting early, investing wisely, adjusting your spending, considering delaying retirement, and staying informed, you can set yourself up for a comfortable retirement that will last for years to come.