TNL Issues In-Depth Analysis Of Latest Miami, Florida Financial News

September 30, 2019 – – Miami based The Net Lender (TNL), recently shared in-depth commentary discussing why middle-class families in Florida are struggling to become financially stable despite the state’s strong and booming economy.

According to Investopedia, Florida is one of the top travel destinations in the world, relying on tourism to drive its economy more than any other state in the US. The Sunshine State also relies heavily on international trade, agriculture, aerospace and aviation, and the life sciences. In 2015, Florida had the fourth-largest economy in the United States behind California, Texas, and New York, with a real gross domestic (GDP) product of $840 billion and a $77 billion budget.

Furthermore, as noted on TNL’s website at https://www.thenetlender.com/locations/tnl-car-title-loans-miami-2, Miami is one of the leading cities in the US when it comes to arts, media, commerce, finance, and so on. The city is dubbed “The Magic City” due to its fast-rising skylines and rapid economic growth. From the Florida Everglades in the west to Biscayne Bay in the east, Miami is also home to many global brands including Burger King, Telemundo, Univision, and Bacardi, among others.

According to experts, the evidence suggests that Florida’s economy is in good shape. Unemployment in the state has hit a 50-year low, inflation is regulated, and both the stock market and finance sector are doing great. However, based on a recent survey, many Floridians are still experiencing financial strains in spite of the state’s strong economy.

TNL asserts that one of the major reasons many people remain pessimistic about achieving financial stability in Florida is wage stagnation. While unemployment is considerably lower than previous years, many jobs on the market do not offer the same benefits as they did in the past. According to the Florida International University’s Labor Center for Research and Studies, wages barely moved at all, with just an average gain of $1.27 in hourly wages, adjusted for inflation, between 2000 to 2017.

“Not only has most employment growth been in low-wage jobs, the pay for those workers also hasn’t risen as much as you would hope, given the increased demand for their services,” says David Denslow, a Professor Emeritus in Economics at the University of Florida.

In addition, the stock market does not benefit middle-class earners because the rich control the majority of the shares on the market. A recent study also found out that only a little over 50% of the families in the US own any stock at all, the majority being funds or pensions accounts. Since these stocks are controlled, there is really not much benefit at all when the market rises.

Furthermore, financial literacy is still not being prioritized by most Floridians. For many, there is little or nothing left after paying for essentials like housing, food, and health care, leaving savings and investments at the bottom of their priorities. A recent Tampa Bay Times report also highlighted that many people live precariously close to financial ruin, despite the shiny economy. One bad decision, health emergency, or car repair bill is all it would take to ensure they can never be debt-free.

In response, TNL offers local residents, at https://goo.gl/maps/WyaNb4MBfuCLy6sP8, and the surrounding areas the opportunity of getting the fast cash they need in times of financial emergency. They are one of the most trusted financial service providers in Florida, offering quick cash in exchange of auto titles for cars, trucks, motorcycles, recreational vehicles, jet-skis, and even boats.

TNL says, “We invite everyone to visit one of our many locations in Florida to inquire about our financial services. To save even more time, you can take advantage of our pre-qualification process via phone before driving to your nearest location.”

More information can be found on the company’s website. Alternatively, auto title owners may send an email or call the company’s service hotline to talk to one of their financial consultants. Furthermore, interested parties may connect with TNL through their official social media accounts, or visit TNL’s Press Advantage page at https://www.pressadvantage.com/organization/the-net-lender, to read further on their services and company objectives.

###

For more information about TNL Miami #2, contact the company here:

TNL Miami #2
786-789-3495
Miami, FL 33145

ReleaseID: 60031268