2024 Financial Year in Review
Here are some key events and figures to summarize the financial year that just passed
The year 2024 was a landmark period for investors, the economy, and key financial sectors, characterized by record-breaking growth, remarkable resilience, and notable shifts in consumer behavior. U.S. stock markets soared to new heights, buoyed by Federal Reserve policy changes and optimism surrounding technological advancements. At the same time, other investments like Bitcoin and gold experienced significant surges, reflecting both investor confidence and the broader economic landscape.
However, the year was not without its challenges. Americans grappled with record-high credit card debt, housing market struggles, and a persistent shift in demand for office spaces due to remote work. Despite these hurdles, consumer spending remained robust, particularly during the holidays, showcasing a continued willingness to indulge and invest in both everyday conveniences and celebratory traditions.
The following highlights offer a detailed overview of the key trends, achievements, and challenges that defined 2024, shedding light on a year of extraordinary economic and market activity.
