The New Holistic Retirement | Mid-American Wealth

8 • RU BY, WILD ING & SWANSBURG m pe a r r c k e e n t t s . dropped 26 percent. Unemployment rose to near 15 ³ TS oh,e Coount lgoroeks sw agso td i rt oe f do ro ionugr nwaht ai ot n Ca loencgorneos sm yd.o e s b e s t : spending money. In response to COVID’s economic impact, the government pu na sesme dp l osyeevde rwaol r kset irms ua nl uds f l opuanc kdaegrei nsg ba iums iende s saet s . s u p p o r t i n g The price tag on the initial set of stimulus packages was around $2.2 trillion. ⁴ This spending increased uP nr oegmr apml o y(mP PePn)t l oba enns ,eaf int sd, e xppraonvdi deeddM ePdaiyc ac hi de cakc c ePs sr.o t e c t i o n It also added TRILLIONS of dollars of new debt to the national deficit. Government spending is a common way countries battle tshoeu gehcto tnoo ms pi ec nidmopua rc t woafy doi surtuopft i tvhee eGvreenatts .DTe ph er e sNsei own , Daenadl bs toi mt huGl uesopr ga ec kWa g. e Bs ut os ha dadnrde sBs at rhaec2k 0O0 b8 arme cae sussi ho enr. e d i n l a r g e But COVID-related spending has eclipsed almost asinzyetahnindgspoueerdc.ountry has experienced in the past—in both In fact, the stimulus packages of 2020 generated the mhisotsotryd.eficit spending the U.S. has incurred in modern ⁵ 3 “ UTnEeDm(pTlhoey mE ceonnt orma tiec rDi saei lsy t)o. Ur e. Sc. oBrudr he iaguh o1f 4L. 7a bpoerr Sc et antti si nt i cAsp. Mr i la2y 02260, . 2” 0 2 2 . hhtigtphs-1:/4/-wpowiwnt.-b7l-s.gov/opub/ted/2020/unemployment-rate-rises-to-record- percent-in-april-2020.htm l 4 h id S t 3 e tp n 2 s a D : t / 8 o / 2 r w 0 M w 6 i F t w c B h . 1 c o 5 M n E c g 4 C r 8 o e D n ss 3 n . A g e o l 2 l v . 0 C / E b o 3 i n l C l g / 6 r 1 7 e 1 A ss 6 1 . t E M h 6 - a c 0 y o 2 n 2 0 g 6 4 r , e 2 s 0 s 2 /s 2 e . n “S a . t 3 e 5 -b 4 i 8 ll/ - 3 C 5 A 4 R 8 E / S te A x c t t # .” toc- 5 " SEemn ai ltye CAopcphrroavneesa$n2dTNriicl lhi oonl aSs tFi ma nudl uoss .ATf ht eer NBei pwa rYtoi sraknTDi me aels. ”. M a y 2 2 , 2 0 2 1 .

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