What does 2023 hold for investors?
Prediction: Debt bombSarah NewcombSarah Newcomb, director of financial psychology at Morningstar“I’m concerned about the lack of saving in America as a whole.
We had a moment of higher savings rates when the pandemic first hit, and people realized they needed to be prepared for anything.
The optimism of these entrepreneurs for continued growth in the new year points to resilience amid some tough financial decisions they’ll likely make in 2023.
“For instance, we expect to see a rise in debt consolidation as business owners look to combat the rate environment.