This episode of Money and Change delivers a critical look at the "crazy week" of economic shifts, focusing on immediate threats to your wallet and long-term financial stability. Topics covered include the looming Memorial Day gas price record, with practical ways to save at the pump using apps and store rewards. We dive into the rising $39 trillion national debt and the Federal Reserve's handling of inflation, warning listeners to keep cash on hand to prepare for a potential banking holiday. The show also explores the disruptive impact of the AI and data center build-out, discussing how they drive up electrical and water costs while making new homes unaffordable for most Americans. Finally, get essential guidance on financial preparedness, including setting up an emergency fund, implementing a budgeting strategy (like the 50/30/20 rule), and completing your prepper kit with necessities like long-term food, water storage, and GMRS radios for emergency communication.
Disclaimer: Nothing in this show should be considered legal, medical, financial, or investment advice. Always do your own research and due diligence.
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