As the U.S. election draws near, so does its potential impact on the economy—particularly on the affordability of essential household items like gas, food, and medicine.
In recent years, we’ve seen the cost of these necessities rise sharply, driven largely by inflation. Unfortunately, while prices have surged, wages have not kept pace. As a result, more and more people are finding it difficult to make ends meet. Many are also grappling with significant credit card debt, much of which was accumulated during the Covid pandemic.
Perhaps unsurprisingly, but still concerning, total consumer debt has increased by over $2.5 trillion since 2020. As debt piles up, the money available for savings and everyday living expenses shrinks, forcing millions of Americans into financial distress. Today, many are in need of a financial lifeline.
At Black Hills Financial Planning, we strive to provide that lifeline. Our mission is to offer free financial education and personalized support to help our clients navigate their unique financial situations. We understand how overwhelming debt can be, and we’re here to help lighten the load.
If you need guidance on managing your household’s cash flow, developing a plan to eliminate all debt within 9 years or less (without debt consolidation), and exploring options to secure your family’s financial future, we’d love to work with you. You’re exactly the type of client we’re here to support.
Sincerely,
The Black Hills Financial Planning Team
