Despite the gradual reopening of the economy in several states, sentiment on Main Street remains suppressed, as the effects of COVID-19 appear to be keeping a lid on American optimism in the most recent Federal Reserve (Fed) Beige Book.
A healthy lifestyle fosters human excellence. It is an integration of the mind, body, and spirit that enables us to continually uncover our potential and strive to achieve all of which we are capable. Healthfulness is a state of accepting responsibility for our own well being. It recognizes health as a method of living that leads to self-fulfillment.
Taking a walk on a wooded path, spending an afternoon in a public park, harvesting your backyard garden and even looking at beautiful pictures of Hawaii can all make us feel good. Certainly, for many of us, it’s beneficial to have time outside in natural environments. Being cooped up inside can feel unnatural and increase our desire to get outside. The renowned biologist E.O. Wilson created a theory called the biophilia hypothesis, where he stated that people have an innate relationship to nature.
Retail sales numbers for April were released today, and the basic story was no surprise. Retail sales fell a record 16.4% in April, after declining 8.4% in March, already the largest decline since the government started keeping records in 1992.
Recent economic data confirms that the US economy has entered a recession, led by the consumer, which accounts for more than two-thirds of the economy based on gross domestic product (GDP). The consumer spending collapse was evident from March’s personal consumption expenditures data released last Wednesday, which showed a record 7.5% month-over-month drop in consumer outlays.
This year, Teacher’s Appreciation Week runs from May 4 to May 8, but rather than being in the classroom, most teachers will be at home, navigating their calling outside the classroom.
The Conference Board’s Consumer Confidence Index (CCI) for April came in 86.9, falling more than 30 points from the prior month. The monthly drop was the biggest for the index since 1973, reflecting the severity of the economic impact of COVID-19 containment efforts.
I hope you and your family are well! I decided almost a decade ago to quietly immerse myself in wellness and lifestyle education after witnessing the cumulative effects on those closest to me: my Family, Friends and Clients. I understand the sensitivity around the topic and feel a responsibility to share the positive power of what I am learning. Witnessing the impact of the coronavirus, especially on those with preexisting conditions, has moved me to share at this time. Over the years, I have learned there is little more closely tied to our financial independence than protecting our wellness and lifestyle. The two are inextricably connected, and no one is talking about it. My vision is to start sharing empowering content, from time to time, related to health and lifestyle in the spirit of us pursuing a better quality of life.
With 22 million jobs lost in the past four weeks, a record drop in retail sales, and huge drops in industrial production and housing starts, it is safe to say we are likely in a recession. Even the Federal Reserve (Fed) in the recent Beige Book said that “economic activity contracted sharply and abruptly.” We highly doubt the Fed would say that if they didn’t believe the economy was in a recession.
Happy Saturday! We’re sending some sunshine to you and your family and trust that you are happy, healthy and well! In today’s video, I share how Eastwood Wealth has been navigating the recent choppy and unchartered waters.