As more jobs are added, U.S. economy is facing a labor shortage due, in part, to the post-Pandemic retirement of 2.5 million Americans. That’s about twice the number who retired in 2019, which means there are essentially 1.2 million fewer people in the work force over the age of 55 than would otherwise be expected.
I recently contributed my opinion for an article published in Financial Advisor. In the article, I share how I believe the labor shortage will impact inflation, economic growth and ultimately the county’s middle and upper middle class’ standard of living.
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About Portia Capital Management
Michelle Connell, CFA is the President and Owner of Portia Capital Management, LLC, the only Registered Investment Advisory firm in DFW to be founded by a female CFA. Ms. Connell is one of the highest-rated finance professors in the United States, currently serving as an adjunct professor at The University of Texas in Dallas and teaching the CFA Review for the DFW CFA Society. Ms. Connell works with her students and private clients to understand the value of crafting a portfolio that includes conventional products as well as alternative assets, including private equity, private debt and real estate, and allows investment portfolio creation with greater downside protection and more consistent returns.