Federal government shutdowns tend to sound more alarming than they usually are. While headlines spark anxiety, history shows these episodes rarely leave lasting scars on the economy or markets. Did you know that since 1976, the U.S. has experienced 20 funding gaps, resulting in 10 shutdowns with most only lasting about a week? Even the longest, 34 days in 2018–19, eventually passed with limited long-term impact.
But where does that leave you in the meantime?
Essential services like Social Security and Medicare continue operating during a shutdown. The effects are felt most immediately by federal workers facing delayed paychecks and government contractors whose projects may be paused.
While some near-term volatility is possible, fundamentals such as your earnings, cash flow, savings and long-term investing goals matter far more than political standoffs in Washington. Shutdowns may create short-term noise, but financial progress depends on keeping focus on the bigger picture. Stay prepared, stay confident—and reach out if you’d like to discuss what’s next.
Chris Perme may be reached at 330-527-9301 or cperme@financialguide.com, www.permefinancialgroup. com.
Christopher Perme is a registered representative of and offers securities, investment advisory and financial planning services through MML Investors Services,LLC. Member SIPC. (www.SIPC.org) Supervisory Office: 1956 Carter Road Suite 200, Cleveland, OH 44113. 216- 621-5680. Perme Financial Group is not a subsidiary or affiliate of MML Investors Services, LLC or its affiliated companies.
