Happy New Year! With a new year comes the chance for new beginnings and since a new year often comes with change, we wanted to provide you with a few things to expect. So, what will life be like in 2022? What will the future hold for us as a society and what changes can we expect to see? We have compiled some of the most important shifts that are going to happen in the next year. From housing markets, climate control, employment rates, stocks, and cryptocurrency- there is a lot to look forward to and to be aware of!
These are all topics you should know about if you want your business or retirement plan to be successful., and if you just want to know what changes you can expect to happen that may affect you. Make sure to read until the end to find out useful information about what’s coming up this year!
The Shift to Remote Work
One of the biggest changes we are going to see in 2022 is the shift towards remote work opportunities. With advancements in technology, it has become easier for people to work from anywhere in the world. This is great news for seniors who want to start a location-independent business, retire abroad, or work from anywhere within their area of expertise.
Not to mention, this is a great opportunity to become more technologically savvy if you aren’t already. There are many online courses and programs available that can help you get started with this type of lifestyle. And, thanks to platforms like LinkedIn Learn, Coursera, Hubspot, and freelance platforms, learning a new skill or polishing an existing one has never been more simple.
The Change in Mortgage Rates
It is also important to note that mortgage rates are predicted to rise in 2022. If you are thinking about buying a home or refinancing your current mortgage, now is the time to do it! Keep in mind that interest rates are not the only thing you need to consider when taking out a mortgage. You also need to think about your down payment and closing costs. This will fluctuate across different areas of Florida and other states with competitive housing markets.
Florida’s Housing Market
Another change we can expect to see in 2022 is Florida’s housing market. There has been a recent surge in retirees moving to Florida, so the demand for housing is increasing rapidly. This is great news if you are thinking of buying a home in the Sunshine State!
However, it is important to remember that prices are going up along with demand, so you will likely have to pay more for a property than you would have five years ago. If you need guidance through the housing market in Ormond Beach both mainland and the beach side communities to Port Orange, feel free to refer to Dulce Monahan; certified residential specialist by clicking here.
The Push For Solar Panels In Florida
The push toward using solar panels has been growing over the last few years and it’s predicted that it will be even bigger by 2022! We anticipate seeing many retirees taking advantage of government benefits associated with their home “greener” energy. If you want to start a home business that can help others become more environmentally friendly, this is going to be the perfect opportunity for you!
E-Commerce Will Be Booming
With e-commerce sales expected to rise at a rate of over 11% annually in 2022, now is the time to invest in an online store if you haven’t already done so. You have likely seen many seniors starting their own businesses selling items on sites like eBay or Etsy and if not, it probably won’t be long before they do! Not only are these both great opportunities for people of all ages that are looking to earn passive income but there are also tax benefits associated with running your own e-commerce business.
New Social Security Benefits for Seniors
Another change we are going to see in 2022 is new social security benefits. New legislation has been introduced that will allow seniors to earn more money each month. To be specific, retirees on Social Security are likely to get a 5.9% increase in benefits for the year 2022. This means if you’re already collecting your social security income, now may be the time to take on some part-time work to increase it even more.
Changes for Medicare
It’s also expected that there will be changes with Medicare in 2022. New legislation introduces a few changes. An annual Part B deductible that amounts to $233 will be one of those changes. As 2022 commences, there will be a lot of policy adjustment so there is still a lot to look out for Medicare changes.
The Stock Market and Cryptocurrency
The stock market is always changing, so it’s hard to say exactly how it will be in 2022. However, cryptocurrency will continue to grow in popularity. Some experts are predicting that one bitcoin could be worth as much as $100,000 by the end of 2022! If you are interested in investing in cryptocurrency, now is the time to do it especially because the use of it is growing significantly in visibility as crypto is already popping up as a form of payment for many things. Just make sure you do your research first so you know which coins have the most growth potential.
Have a Great New Year
We hope this gives you a good idea of what to expect in 2022! Keep in mind that although the upcoming year is expected to show various changes across multiple industries, there are always ways to adapt in ways to make them not seem so significant. We wish you a Happy New Year and hope that mentioning these changes has sparked an interest in learning something new, taking on a new hobby, starting a new project, or sharing your wealth of knowledge. (Please reference our new look and size and they can see the online version once they donate here: https://ourseniors.net/magazines/
Also the Year End Fundraiser is still going on and every little bit helps: https://www.ourseniors.org/fundraiser/