All Blogs on: Economic Forecast

With all the recent talk of a recession looming, learn what you can expect. There are signs that the next recession will hit next year, according to economic forecasters. Moody’s Analytics’ chief economist Mark Zandi cautions that a recession may be on the horizon. Goldman Sachs CEO David Solomon also told Reuters there is a […]

Consider these inflation tips to help you save. Although, inflation has cooled off some, sitting at 7.7% as of October 2022. That’s up from 5.39% last year. Budgeting right now is challenging more than ever. There are things you can do to save money while you’re waiting for prices to get back to normal. Read […]

Inflation: Where Consumers Plan to Cut Spending If you’re living paycheck to paycheck, inflation has probably made life even more challenging for you. With the Consumer Price Index jumping 8.6% year over year in May, money is even tighter for many families. This is the fastest rate of increase in four decades. If you’re starting […]

How to Cope with the Rise in Child Care Costs Parents facing rising inflation are also battling another high cost: child care. About 63% of parents report child care has become more expensive this past year. Over half of parents surveyed (59%) say they are more concerned about child care costs now than they were […]

Learn more about how closing credit cards impact credit scores. A credit card, like most things, is okay to use in moderation. It’s when you abuse them that they become detrimental to your financial health. Some credit card advice is obvious, like paying off your balance before the end of the month and not maxing […]

Why inflation rising impacts you and how to deal with it. According to National Retail Federation Chief Economist Jack Kleinhenz, consumers should spend more money at restaurants and less on goods from the internet to do their part to help reduce inflationary costs to the economy. “What we have learned is that each successive variant […]

Save money this holiday season and still enjoy it. Online shopping is expected to grow this holiday season, according to Deloitte’s annual holiday retail forecast. E-commerce holiday sales are projected to grow 11% to 15% compared to the 2020 season. Overall, Deloitte projects that holiday sales will total $1.28 to $1.3 trillion during November to […]

Why you might owe money to the IRS this year. Don’t get surprised by a tax bill. While most income is taxed, there may be reasons why you owe the Internal Revenue Service this year, even if money was withheld from your paychecks. Discover reasons why people owe money to the IRS, and how to […]