The Vanguard Group
Recent News About The Vanguard Group
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Vanguard: 2022 saw 'signs of increasing financial strain' as Wisconsin consumer sentiment index dropped significantly in 2022
Recent Vanguard survey data shows that investors have turned to their retirement savings for cash in 2022 as hardship withdrawals reach all time highs. There was a noticeable uptick in Americans pulling from their savings demonstrating a decline in the financial stability of households, despite IRS penalties. Vanguard’s head of investor research says this could cause “deterioration in the financial health of the average consumer.” The consumer sentiment index across the North Central region, including Wisconsin, has declined throughout 2022. Long-term predictions show GDP growth to average out which has investors bracing for incoming short-term financial hardship.