NEW YORK CITY, Jan 12 (Reuters) - If there was just one word to sum up 2022, "uncertain" may be the most exact.

Yet most of us take pleasure in trying to forecast the future, particularly when it involves our finances-- to shield ourselves from the downside, or to make the most of the upside.

What does 2023 hold for investors? We spoke with some leading lights in the economic globe concerning the road in advance.

Forecast: Financial debt bomb

Sarah Newcomb, director of monetary psychology at Morningstar

" I'm concerned concerning the lack of conserving in America in its entirety. Rising cost of living might be slowing down, however information from the Federal Reserve shows consumer loaning has actually been continuously increasing. It appears we're funding our more costly lifestyles with financial debt.

" That can only last as long, and with increasing interest rates, it concerns me. We had a minute of higher savings rates when the pandemic initial hit, and individuals understood they needed to be planned for anything. As soon as the shock wore away, spending as well as borrowing chose back up, and also I fear we really did not learn our lesson. I am worried regarding increased bankruptcy rates, loan defaults and also total financial stress in 2023."

Prediction: Monotonous success

Carrie Schwab-Pomerantz, head of state of Charles Schwab Structure and taking care of director of Charles Schwab Co.

" I anticipate that in 2023, ageless money principles will win out and more people will certainly make a decision that 'uninteresting is finest' when it pertains to managing their finances. Reliable principles that have helped individuals construct riches for generations will be the most popular pattern in money: spending for the long term; building a profile based in possession appropriation and also diversity; establishing a reserve; restricting financial debt; as well as maxing out your 401( k).

" Naturally, stylish financial investment concepts will appear as they constantly do, however it's important to keep in mind there is no get-rich-quick remedy. Returning to the fundamentals will certainly cultivate solid monetary foundations as we encounter financial headwinds in the new year."

Prediction: Bonds are back

Kristy Akullian, iShares elderly investment strategist at BlackRock

" Bonds will be back in 2023 in a way we have not seen in decades. In an otherwise difficult investment landscape for the year in advance, we see remarkable worth in top quality fixed-income and think others will certainly too.

" No more just the remit of retirees, eye-catching yields will certainly attract a brand-new accomplice of customers to the possession class: Newer investors seeking much less volatility, Millennials with near and also medium-term investment goals and multi-asset supervisors that see opportunity to surpass. Currently, ETF circulations are starting to reveal a change in financier preferences-- expect far more of this in the year ahead."

Prediction: "Unstoppable fads" will certainly ride out recession

Jim O'Donnell, CEO of Citi Global Riches

" We're concentrated on what we call 'unstoppable fads' like medical care-- particularly in locations like biologics, life scientific research tools and age technology-- that are likely to give investors accessibility to business with lasting growth prospects. Aging and expanding populaces are most likely to improve costs on healthcare technologies.

" This development, paired with the reality that the medical care industry is least tied to existing financial conditions, makes this a potentially eye-catching market for ideal capitalist profiles."

Prediction: Headwinds for small business

Asahi Pompey, Global Head of Corporate Engagement, Goldman Sachs; President of the Goldman Sachs Foundation

" For local business proprietors, the economic success of their businesses will certainly end up being even more deeply intertwined with their personal financial scenarios as the economic environment continues to be unsure. The optimism of these entrepreneurs for ongoing growth in the new year points to resilience amidst some tough financial choices they'll likely make in 2023.

" For instance, we expect to see an increase in the red combination as local business owner aim to deal with the price environment. And also while entrepreneurs will certainly remain to buy their businesses, growing their individual cost savings will be increasingly crucial to buffer against continued inflationary pressures."

Prediction: Customers hunkering down

Chris Britt, Co-founder and also Chief Executive Officer at Chime

" My prediction would certainly be that American customers in 2023 are mosting likely to hunch down and focus on constructing extra strong structures for their financial future. The data is clear that people's confidence is at incredibly reduced degrees now, not seen since the very early days of pandemic.

" Since numerous consumers utilize us as their key account, we can actually see where money is going. We are seeing much less movement into extra unpredictable financial investments, like crypto purchases, and also a lot more motion right into more secure financial investments like high-yield financial savings. That signals to us that individuals are preparing for what can be an extremely tough 2023."

Editing by Lauren Young as well as Josie Kao Follow us @ReutersMoney

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