The easy money provided by the Fed since the 08-09 Great Recession is in the past. The anticipated drop in bond prices has begun and this March 24, 2022 article provides a backdrop to major trend changes: https://www.ft.com/content/40237918-8153-4ade-af3d-f4f1de724de8.
Now is the time to do your family’s financial SWOT analysis (Strengths, Weaknesses, Opportunities, Threats). Many economic relationships are changing with the movement from “globalization” to “localization”.
Please view this one-hour interview conducted by former Federal Reserve insider, Danielle DiMartino Booth, to appreciate how our futures are changing: https://www.youtube.com/watch?v=tjnFkAlRaDM.