The VERY Confusing U.S. Economic Situation in 2024

This week’s theme on the Retirement Quick Tips Podcast is: 1st Quarter 2024 Market & Economic Update

If I had to sum up the economic climate in the United States right now in one word, it would be: confusing. 

Last year, I made a $5 bet with my dad that the US will slip into a recession in 2024. He doesn’t think it will happen, and I will earn $5 if I am right and we do go into a recession next year. I was pretty confident I would become $5 richer this year, and the jury is still out of course as there’s still a lot of innings to go, but let’s talk a little bit about why I made that bet.