Currently, due to various domestic and international events going on right now, the United States (U.S.) economy is performing poorly. From high gas prices to even higher inflation rates, some people are speculating the worst.

One of the biggest purchases a person can make is buying a home. Buying a new home is typically an excellent long-term investment; once the mortgage is paid off, you are left with a high-value asset under your name.

During the height of the COVID-19 pandemic, the rental market experienced lower prices due to the economic downturn. However, since the pandemic’s worst days are over, monthly rents are back on the rise.

It is no secret that the United States cashes in on Cinco de Mayo. Restaurants across the nation run specials on alcohol and Mexican dishes, and beer companies spend millions of dollars on advertising before the big day to promote higher alcohol sales.

The rise in the number of jobs available caused the unemployment rate to drop to 3.8 percent, down from 6.2 percent in February 2021. As the unemployment rate continues to decline and more people can find jobs.

On February 24, 2022, Russia launched a full-scale attack on Eastern Ukraine. As a result of Russian President Vladimir Putin’s actions, countries like Canada, Taiwan, and the United States announced sanctions on Russia’s oil, banks, and military.

President Joe Biden is working with the Department of Justice to make amends with the families affected due to Trump’s zero-tolerance policy. To make amends, Biden is planning to financially compensate families who were separated at the border.

Millennials are making six figures in income, but more of them live paycheck-to-paycheck than any other generation.

Since 2010, the average cost of a house has risen by 20%. These price increases have made it increasingly difficult for young people to be able to purchase a home.

The Brookings Institution conducted an economic study to measure the impact of inequality since 1990. The study found that the U.S. missed out on $22.9 trillion in economic growth since 1990 due to inequality.

Inflation is when the price for the same amount of goods (i.e., groceries) or services (i.e., getting a haircut) increases. Inflation affects everything involving the economy from food and clothing to employment wages and interest rates.