I might be a little late to the game, but I want to start off and wish everyone a Happy New Year! By now most of you will be back to work after what I am sure was some much-needed time with family and friends. Instead of the typical Resolutions or Trends for 2019 I want to share something different with you. A look at some perspectives of what will happen over the next 12-months with a focus on events ranging from local developments with an impact on the Charlotte area to national factors.
Instead of making predictions I want to outline a few important issues which I think will generate news throughout the year and define the year for countless households. These topics are by no means definitive and I think it will be interesting for me to look back at the end of the year to see how this post holds up after a year. Some of these includes events that will create economic impact in Charlotte including the hosting of the NBA All-Star Game. Financial topics are sure to be discussed often and I see student loans as a topic which will continue to impact the purchasing power and economic decisions of millions of Americans.
This is first year that I can remember when I will not be in a traditional classroom. After years of having classes through the winter months and spring I am now entrenched in the working world where January begins an exciting new year. In this aspect it is like how September begins a new and exciting chapter for students and teacher alike. My friends from college have graduated and are either continuing their education and working in research labs or beginning their careers. Not everyone has successfully found a career that uses their degrees and college skills.
The news shares many stories of how as the economy has grown many have been forced to work multiple part time jobs to make ends meet. A great deal of time, discussions, and stress is placed on how to payoff student loans among friends. Education is well worth the investment, but I do see some people left behind suffering from the student loans burden and stuck in situations where they face an uphill battle. I will leave the issue of student loans with the following question: Will this be the year when students loans take more of the headlines like the housing bubble did in 2008?
I want to continue with some trends that I think will be greatly talked about from the media to boardroom from a national perspective. One trend which I have increasingly seen is that people are taking a break from social media to start the year off with a different perspective and away from the clutter and mess of social media. I myself have decided to use social media less this year and allocate some of the time I would spend online away from screens and instead read. This brings up privacy and data security, issues which are increasingly important as 2018 progressed and I can only imagine will stay important into 2019. I will be interested in seeing how tech companies’ stocks will perform into 2019 and what this will mean for the stock market. No market predictions on my end but I imagine investors are in store for another roller coaster ride of a wild year. Some other terms that I think will continue to be in the lexicon include sports betting, increasing marketing for Generation Z, and digital detoxes.
I want to highlight a few local topics from the Charlotte area. Basketball is big in North Carolina and the NBA All-Star game is coming next month with expectations of economic impact that could cross $100 Million. While North Carolina lost out on Amazon to suburbs of Washington, D.C. and New York other important economic news made headlines to end 2018 including IBM’s purchase of Raleigh based Red Hat. November also saw news in Charlotte when Honeywell announced moving its world headquarters from New Jersey to Charlotte which will eventually create 750 jobs. Charlotte is a great city to build and grow a company landing on Inc’s 50 Best Places to Start a Company at 22 with an emphasis on fintech growth.
I believe that companies will continue to invest in the Charlotte area as building projects through Uptown Charlotte and across the region continue to show the robust economy from new building to the continued need to build affordable housing for all the new employees moving into the area. Charlotte has a chance to show its new design to the world during the All-Star game and this year will see continued development and investment centered in Uptown Charlotte. Like across the country growth is focusing on major metro areas with access to universities and transportation which I believe will shape future investment in 2019 and beyond.
Growth and volatility are not often said in the same sentence but those are two words which I think are two words which will shape the next 12-months. Issues that have been under the surface for years will continue to impact the purchasing power of Americans including student loans and greater need for affordable housing. At the same time growth at companies and investment in education will continue across Charlotte and the nation. As privacy concerns continue Americans will decide to take control of their data which is one of the most marketable and valuable pieces of information they hold. The place social media has in our culture will likely be shaped by how it is used throughout the year.