It’s easy to get swept up in viral videos and trending posts predicting an economic downturn. In fact, Newsweek’s recent article written by Life and Trends Reporter Melissa Fleur Afshar, titled, “Gen Zers Convinced They Can Predict a Recession—It’s Not Going Well,” dives into exactly that. The piece explores how social media has popularized offbeat ways to forecast a recession, from lipstick sales to Gwyneth Paltrow’s diet.
Our Chief Investment Officer and CEO, Steven Rogé, weighed in with a more grounded perspective:
“Cultural clues are fun to watch, but real financial strategy relies on indicators like the inverted yield curve, jobless claims and earnings data,” Steven told Newsweek. “These meme-worthy signals reflect consumer concerns, not economic truth, and even amplify anxiety, potentially influencing real spending.”
We’re always proud to see Steven’s voice help cut through the noise, reminding investors (both young and more seasoned) that thoughtful, data-driven planning is far more reliable than the latest social media fad.
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R.W. Rogé & Company, Inc. is an independent, fee-only financial planning and investment management firm serving clients locally and virtually across the country, with Long Island, New York, and Beverly, Massachusetts office locations. R.W. Rogé & Company, Inc. was founded on a “client first” culture and proudly commits to acting in your best interest as a fiduciary. We have helped clients Plan, Achieve, and Live® the life they want since 1986. To learn more about how we do this, as well as our process, explore our detailed overview of services and approach.
