Raymond James | Professionally Speaking | Economic Stimulus Package Impact Depends On Consumer Psychology

The value of the government’s $168 billion economic stimulus package may be more evident in the psychological boost it gives U.S. consumers than in the actual dollar impact it makes on the economy, says Raymond James’ Senior Vice President of Wealth Solutions Chip Bauder. If it is spent the way the government hopes, it would be the “third largest retail event after Christmas and back-to-school shopping.” On the other hand, if large numbers of recipients use the money to pay bills and add to their investment portfolios, the government “wouldn’t get the consumer impact it’s hoping for,” Bauder says in this edition of Professionally Speaking, hosted by Larry Pugliese.

For personalized advice on any aspect of the economic stimulus package, please contact a Raymond James financial advisor.

Charles J. Bauder III

Senior Vice President
Raymond James Wealth Solutions

As senior vice president of the Wealth Solutions department for Raymond James & Associates, member New York Stock Exchange/SIPC, Charles (Chip) Bauder is responsible for supporting comprehensive wealth management for the Financial Advisors of the firm’s parent company, Raymond James Financial, Inc. (NYSE-RJF).

Mr. Bauder joined Raymond James in 1993 as a financial planning analyst, and then in 1996 moved into the position to manage the Financial Planning Department where he was responsible for financial planning support for the Associates and Financial Advisors of Raymond James. Through software development and educational programs, Mr. Bauder has been an integral part of helping Raymond James continue its long-standing reputation as a leader in financial planning for individuals, families and small businesses.

Mr. Bauder earned his bachelor of business administration degree in finance and economics from Stetson University and his Juris Doctor from Florida State University Law School. He is the author of numerous articles on tax and financial planning related topics.

In concert with his work in financial planning, Mr. Bauder is a member of the Raymond James Economic Outlook Committee and the Tampa Bay chapter of the Financial Planning Association. He is also involved with several community organizations.

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