My wife and I are fine, but yesterday I was actually thinking how I am not confident in the future of the economy, so I am decreasing spending even though my income has gone up in the last two years. Both parties are addicted to spending and the system just has to reset at some point. I’m out of the stock market for now. I’m hoarding cash even though I know that’s not optimal either.
There are no really good choices. Cash is better than most of the other options.
I have colleagues griping about their "201K" investments in stocks (e.g., they have lost 30% to 50% of their funds). A money market account or CDs paying close to zero interest still keeps the principle intact.
Inflation is still burning away the value of all savings and investments. The government is entirely responsible for that problem, as they are in essence, stealing the money and passing it out to their cronies.
Whatever shall we do?
Stuffing your mattress is a better option than investments these days as you watch them crash and burn and lose 1/3 or more of their value.