Financial Survival Network

During this Financial Survival Network segment, Kerry Lutz interviewed David Wright about the recent CPI report and its implications for the economy. Wright expressed caution and bearishness, citing the sticky inflation rate and the upcoming challenges for small businesses. They also discussed the impact of AI on the economy and the potential for job displacement, with both expressing concerns about the long-term implications of AI. David advised investors to create income streams from investments, rely on high dividend-paying stocks, and find companies that can sustain income dividends of 5% to 7%. He suggested investing in consumer staples and comfort stocks and avoiding AI stocks that don't pay much in dividends. The conversation also touched on the upcoming PPI number, with David stating that it will be lower than the previous month due to prices coming down. They discussed the cost of goods, with Kerry mentioning the cost of Thanksgiving dinner and 4th of July barbecue as two indexes she pays attenti