Monthly Newsletter: September 2023

👋 Hey there and welcome to the WalletBurst newsletter for the month of September 2023.

Here’s some of my favorite personal finance content from around the web this month:


⬆️ What to Do About These High Interest Rates? by MrMoneyMustache

Some thoughts on the current high interest rate environment by none other than MrMoneyMustache himself, including:

  • Are index funds still the best place to invest your money?
  • Is now a good time to buy a house?
  • The meaning of the current inverted yield curve
  • How to reduce the impact of high interest rates on your life

📆 The Evolution of Retirement by Ben Carlson from A Wealth of Common Sense

With inflation and rising costs nowadays, its getting more common to read claims that previous generations had an easier life. But reading the statistics (below) about historical retirement made me feel incredibly grateful for the opportunities that young people have to unlock financial freedom earlier in life. The concept of retirement, especially early retirement, is a very modern phenomenon. 

  • “In 1880, more than three-quarters of men older than 65 were still in the labor force. It was nearly 50% still in 1950. Today, it’s more like 19%.”
  • “For those 55-64, the labor force participation ratio was 95% in 1880.”
  • “In 1940, only about 40% of the elderly had a net worth of $4,000 or more (roughly $87,000 in today’s dollars).”

🏠 Ranked: 15 of the World’s Least Affordable Housing Markets

(Source: visualcapitalist.com)


☀️ Sunny, Good Urbanism, and Affordable: Can You Have It All? by CityNerd on Youtube

CityNerd shares his analysis on the top cities that combine 3 qualities that many people value: affordable housing, urbanism (measured by bike, walk, and transit scores) and good weather.

Here were the top contenders with a population of larger than 500k people:

  • Salt Lake City, UT
  • Tampa, FL
  • Albuquerque, NM
  • Las Vegas, NV
  • Spokane, WA

A zoomed-out look at the Federal Funds Rate (the Federal Reserve’s benchmark interest rate) since 1955 (source).


End Note

Thanks for reading! If you’re enjoying my newsletter, I’d love it if you shared it with a friend or two. You can send them here to sign up.

And if you have any feedback on my site or come across any interesting personal finance content, send it my way to andrew@walletburst.com. I love to hear from my readers/users!

Have a great day,

Andrew ✌️

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