AlphaCore CEO Dick Pfister Discusses the Economy in The Washington Post

This year’s third quarter was a difficult one for investors. The U.S. Federal Reserve announced another aggressive rate hike to tame inflation, all three major indices are down at least 21 percent for the year and a recession appears more fathomable by the week. While low-income Americans have been feeling the strains of our economic environment for months, higher-income earners are now sensing the impacts. To help wealthy investors better understand the new pressures they may be facing, The Washington Post turned to AlphaCore Wealth Advisory CEO and Founder Dick Pfister, CAIA®, for insight.

Pfister tells the publication that stocks, real estate and bonds have all gone down together which has required many clients to take a more proactive approach with their budgeting to negate the economy’s impacts on their assets.

“It’s taken them a little bit longer to feel the pain but it’s starting to affect them too,” Pfister tells the publication. Fortunately, despite last quarter’s inflation and market volatility, consumer confidence and the labor market remain strong as the economy does not appear to be in a recession – yet.

Click here to read the entire article in The Washington Post.

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