Stock Market Winners & Losers: Stocks Rise on Strong Growth and Slowing Inflation | Renters Spending Too Much Money on Housing | “Peak 65” Will Hit the US This Year

**Winner: Stocks**

- Stock market advanced due to positive economic growth and corporate earnings reports.
- GDP grew at a robust 3.3% pace in the fourth quarter, exceeding the expected 2%.
- The price index for personal consumption rose 2.7% annually, down from 5.9% the previous year.

**Stock-Specific News: Tesla**

- Tesla stock fell after quarterly earnings revealed a 15% profit decline, and the company warned of a slowdown in 2024.

**Other Stories:**

- Chipotle is hiring 19k new employees, a ~27% increase, offering perks like 401(k) matching and help with student debt.
- Dwayne “The Rock” Johnson scored a $30M payday by joining the board of WWE parent TKO, coinciding with Netflix's $5B deal for exclusive WWE wrestling show “Raw.”
- Self-checkout may be alienating shoppers, impacting store loyalty.
- Netflix leads Oscar nominations with 18, while Apple comes in second with 13 nods.

**Loser: Renters**

- Record-high 22.4 million renters spend more than 30% of their incomes on rent and utilities.
- Half of U.S. renters in 2022 spend more than 30%, up 3.2 percentage points from pre-pandemic levels.
- 12.1 million renters are severely “cost burdened,” spending over half of their incomes on housing.
- Rent increases rose nearly 20% between 2021 and 2022.

**Loser: “Peak 65” Retirement Challenges**

- U.S. retirements set to break records, with about 11K Americans turning 65 every day.
- 1 in 4 U.S. adults supports both a parent (65+) and a child, creating labor force challenges.
- Aging offices: Workers 60+ doubled since the 1980s, while workers under 40 decreased from 60% to 45%.
- Over half of pilots will reach mandatory retirement age (65) in the next 15 years.
- 43% of 55- to 64-year-olds have no retirement savings.
- Nearly 1 in 5 Americans age 65+ were employed last year, up from 1 in 10 in 1987.

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