For Immediate Release
March 4, 2016
CONTACT: Deborah Hamilton, Hamilton Strategies, 215.815.7716, 610.584.1096, ext. 102, or Jen Wozniak, 610.584.1096, ext. 100, Media@HamiltonStrategies.com
Where’s the Money Going We’re Saving on Gas?Financial Expert and National Radio and TV Host Dan Celia: It’s Not Going Back Into the Economy Because of the ‘Fear Factor’ and Rising Health Care Costs
PHILADELPHIA—With national gas prices averaging $1.78 this week—and with $4 per gallon a not-too-distant memory—financial analysts are asking, “Where is all the money going that we’re saving on gasoline?”
It’s certainly not going back into a sluggish economy, says financial expert and national television and radio host Dan Celia, who is also the leader of Financial Issues Stewardship Ministries (FISM, www.financialissues.org).
“Where is all this money going? People are saving $30 or $40 every time they fill up their car,” Celia recently stated on his daily radio program “Financial Issues Live.” “I know for me, it’s significant.”
Just as Presidential frontrunner Donald Trump has unveiled his seven-point plan to overhaul health care this week, Celia says this apprehension about not spending the money saved at the pump is a direct result of rising health care costs.
“Where is that money going?” Celia continued. “Why isn’t it going into the economy? We’re never going to see this money come into the economy because there’s far too much fear. We’re going to continue to see the savings rates go up, and we’re going to continue to see it get eaten away by health insurance. And not just insurance premiums, but health care costs in general. We’ve got higher deductibles, out-of-pocket expenses are far more than they were five or six years ago, and our annual cost for health insurance is up. So we’re shifting that discretionary income from energy to health care, and what’s not going to health care is going toward our ‘fear factor.’”
One reason for the hesitation to spend this extra “gas money” may be written in the cards. CNBC reports that, historically, markets tend to fall in the final year of a President’s term, mainly because Americans are apprehensive about the future and uncertain about who the nation’s next leader will be.
It’s already been a rough year financially, but, CNBC reports, “if history is any indication, it’s not going to get any better. Why? Because markets tend to fall in the last year of a president’s second term. Since 1900, the S&P 500 has, on average, fallen by 1.2 percent in year 8 (of a President’s term), with the market rising only 44 percent of the time.
Celia focuses on financial stewardship every day when talking to thousands who want to honor God with their finances. Celia also often educates listeners and viewers about his stock “sell” list, encouraging those who strive to be biblically responsible with their investing to sell certain stocks based on the company’s involvement in immoral or anti-biblical issues, such as having stake in Planned Parenthood funding, pornography or other organizations that should be concerning to Christians.
Celia hosts the daily, two-hour radio and television program, “Financial Issues Live,” where he takes calls from around the country, answering questions about investing, estate planning, giving, saving and stewarding finances in wise and godly ways.
“Financial Issues” has grown through radio, television and live streaming and now airs on more than 200 radio stations across the country. The program is also seen on the National Religious Broadcasters (NRB) television network, reaching 45 million households, and BizTV, which reaches millions more in major markets, along with other independent radio and TV stations.
Throughout the year, Celia also hosts popular and well-attended townhall gatherings at churches and other venues, where people can spend an evening with him to learn more about how to biblically manage their money and investments.
A financial expert and author backed by decades of financial experience, Celia is personally in touch with thousands of people each week from across the country. He has worked for 35 years as an entrepreneur and businessman, and has developed a biblically responsible system of financial management with great success. Celia started his radio program in 1997 and has interviewed newsmakers, experts, lawmakers and presidential candidates. He is a board member for American Family Association, speaks at conferences, townhall meetings and investment conferences around the country, is the author of six books and publishes a weekly newsletter.
For more on Financial Issues Stewardship Ministries, visit its web site at www.financialissues.org, its Facebook page, the YouTube channel, Financial Issues with Dan Celia or its Twitter feed, @financialissues.
To interview Dan Celia of Financial Issues Stewardship Ministries, contact Deborah Hamilton at 215-815-7716 or 610-584-1096, ext. 102, or Jen Wozniak, 610-584-1096, ext. 100, Media@HamiltonStrategies.com.
Dan Celia is president and CEO of Financial Issues Stewardship Ministries, which shares the Gospel through motivating God’s people to be responsible stewards of God’s money, ultimately helping people make good financial decisions that will increase their ability to give and grow the kingdom of God. FISM believes that only revival will transform America back to its Christian heritage and biblical values. Celia and his wife, Yvonne, have two married daughters and six grandchildren.
With gas prices so low, where is all the money going that everyone is saving? It could have something to do with an apprehensive economic outlook in the last year of a presidential term.