Do you have less money in your wallet these days, certainly less spending power? According to the US Census Bureau annual income for the average person fell 4.8% since the so called “Economic Recovery” began in June of 2009. That decline was even bigger than what it was during the actual recession. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Company to examine if the decrease in household income as well as shed an even bigger light on the increase in cost of living as in the Chapwood Index.
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Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: annual income, census bureau, chapwood index, cost of living, financial advisor, fox business, money, recession, spending power, wealth manager
