US Economy

The impending event that economists and experts have been waiting for throughout the last year seems to finally be upon us. After months of speculation, corporate giants are making moves to thin their ranks and protect their bottom line with layoffs and other money saving measures. Nowhere is the downturn more apparent than in the tech world, which is generally a warning of things to come in the rest of the country. And experts warn that this is only the beginning. Layoffs Looming Large Although economists have been volleying ideas for an imminent recession for some time, with most of them in the affirmative column, in the last week or [...]

As the holiday season approaches and consumers start thinking about how they will spend their money this year, the game has changed. After so many months worrying about the pandemic and being locked inside, many people are now filled with wanderlust and ready to spend their money on travel. And with the cost of necessities through the roof, consumers are being more discerning about the presents they buy. These facts will certainly add up to an interesting holiday spending season. https://www.youtube.com/watch?v=RxU6tbHNIWQ Beating Black Friday The holiday season feels different this year. With all that consumers have been through in the last several years, and a recession on the horizon, there [...]

If you feel like you are on a runaway train with no end in sight when it comes to the rising cost of goods and services, then you are not alone. Prices have skyrocketed for a wide variety of reasons, including supply chain woes, war in Ukraine, drought, and other natural disasters. The Federal Reserve is doing what it can to stop the hurtling train, but raising the interest rates takes its own toll. Word on the street is it will get worse before it gets better. Speeding Towards Economic Turmoil Every time the Federal Reserve tries to fight inflation, they raise the interest rates, hoping that they can stabilize [...]

After 2.5 years of economic chaos, it’s no surprise that the future is a bit murky at best. Having lived through Covid-19, a worldwide shutdown, supply chain unrest, a war in the grain capital of the world, outlandish natural gas prices, and even Monkeypox, it’s safe to say that at this point anything can happen next. Now imagine you were a teen, who has spent some of your formative years hearing all these negative economic milestones on an endless loop. Although you might think your teens are not listening, it is time to set them up for success when it comes to the economy. As the father of a 14-year-old [...]

Watching the economy the past few years is like watching a tiny boat on the high seas. Some days the sailing is easy, and some days the waves crest over the boat. From a total global shutdown to a booming housing market to the endless trouble of the supply chain, no one knows if the next crashing wave will capsize the boat or not. For American consumers and business owners, it's all hands on deck to ensure that the boat can adapt to the tumultuous seas. Rough Waters Watching the economy for the last two years has been like riding the wild ocean waves. First, the pandemic shut down the [...]