For a second straight quarter, the gross domestic product (GDP) of the United States fell, the typical definition of a recession. Due to the rising fears of a recession, companies have reduced their job openings, and there is a possibility some people will be getting laid off in the near future.

To help low-income individuals and families rent affordable housing, the United States Department of Housing and Urban Development (HUD) began giving out housing vouchers. But recently, there has been some controversy regarding whether landlords have the authority to refuse tenants’ rent vouchers

In a report released by the National Bureau of Economic Research (NBER), it was seen that the GDP level had reduced a second time, which is the usual indicator of a recession. However, despite the data showing a reduction in consumer spending, the NBER has announced they believe the economy is not in a recession.

Since the beginning of the pandemic, the cost of living has continued to rise due to the surging inflation rates. When the Bureau of Labor Statistics calculated the most recent inflation rate using the Consumer Price Index, it was determined that it was at its highest level in 40 years.

During the pandemic era, students were provided free school lunches to ensure they did not go hungry. However, as pandemic restrictions have begun easing up, the Universal Free Meals program has ended, which has left many students and families wondering how they can receive access to meals while at school.

Workforce payments platform Branch recently conducted a survey asking hourly workers in the United States about their financial situation. The purpose of this survey was to determine how well off these hourly workers are in the midst of the current economic climate, and the results were startling.

Missouri currently has approximately 6,527 homeless people, or around 1.13% of its population. As the state government wishes to lower this statistic, Missouri Governor Mike Parson signed a new bill earlier this month that will go into effect on January 1, 2023, criminalizing homelessness.

On Wednesday, July 13, 2022, crypto bank Celsius filed for Chapter 11 bankruptcy. The digital asset firm mentioned extreme market conditions led to a surge in customer withdrawals, ultimately hurting their operations.

On July 18, 2022, Alphabet (GOOGL) executed a 20-for-1 stock split, meaning investors who previously held one Class A share of GOOGL would now receive an additional 19 shares. Although this event has led to the stock price being more affordable for investors, there may be another reason behind Google’s intentions.

Since the beginning of the COVID-19 pandemic, many people took advantage of the low-interest rates and decided to purchase a house. As many others had a similar thought process, the demand for housing began to rise.

The USD and Euro are nearing parity, meaning that their bank notes could be used internationally without a change in purchasing power.