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FAMILY NET WORTH PLUNGES: 2008 Market Collapse Sets Us Back to 1992 Levels
Barack Obama says the private sector is doing just fine. But while the White House continues to put on an economic spin they actually believe, the American voter is living in the real world, feeling the pain most recently crystallized in a new report from the Federal Reserve.
In three short years, between 2007 and 2010, the net worth of the median family household took a stock-market-style plunge—down 40% and setting Americans back 20 years.
Available for interviews to cast an interesting perspective on this serious dose of reality for which our President obviously has no prescription is financial advisor and Wall Street commentator, Phil Cioppa.
As a guest on your show, Cioppa can combine his hands-on economics experience with his ground-level view working with salt-of-the-earth clients every day to project on what this metric really means—about past and current economic policies, and what we can expect going forward.
• How did this happen? What is really at the heart of this personal crash for hard-working Americans trying hard to do everything right?
• If net worth has rapidly regressed to 1992, what will it take to get it back?
• In the sharp downturn, consumers are cinching up tight and paying down debt. Is the economy recalibrating to be even stronger—even if it takes years?
• Are 50-, 40- or even 30-something Americans ever going to retire?
• What’s it going to take for the linchpin in the economy—the housing market—to recover?
Call Special Guests now for the answers to these and many other questions. Ask to schedule the sharp-minded expert with the layman’s language finesse—Phil Cioppa.
THE FOLLOWING ARTICLES MAY BE USEFUL FOR SHOW PREP:
The Washington Post
ABOUT PHIL CIOPPA:
Philip Cioppa is Managing Principal and Chief Investment Officer of Arbol Financial Strategies, LLC, www.arbolfinancialstrategies.com (Securities offered through LPL Financial, Member FINRA/SIPC). He specializes in asset management strategies, insurance planning and taxation issues for the firm.
Phil holds the series 7 and 66 registrations through LPL Financial and also has his FIC designation.
He is currently finishing coursework toward his CFP® designation. In addition, he is a Member of NAIFA and was a Million Dollar Roundtable Qualifier for 2009, 2010 and 2011.
An expert on the impact of national and global economic policies, issues and developments on everyday Americans, Phil has shared his knowledge and opinions on many national radio and TV shows, including The Tom Sullivan Show (Fox News Channel), FoxNews.com's Market Watch, The Brian Tracy Show, the Jim Bohannon Show, America in the Morning with Jim Bohannon, The Lars Larsen Show, and The Leslie Marshall Show, to name a few.
See him here as a guest on the Fox Business Network:
He has also done interviews with numerous local radio stations, including WGN, KSL, and KPNW, among others. In addition, TheStreet.com, MarketWatch, and the Dow Jones Newswire have all interviewed Phil and he has been a guest blogger for both Credit.com and ConsumerismCommentary.com.
Phil also hosts his own radio show, Finances With Phil, which airs weekly on WGCH-Radio in Greenwich, CT. And, he is currently completing work on a novel, as well as a work of nonfiction.
Prior to beginning his career in the financial services industry, Phil was a Catholic priest for 18 years. He left his parish in excellent standing to pursue new challenges in life.
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