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.
by Matin VarshochiIn 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.
by Matin VarshochiWorkforce 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.
by Matin VarshochiOver the past couple of weeks, investor confidence has been dropping in both the crypto and stock markets. Moreover, with the current economic climate, many investors have begun offloading most of their investments as there are rising concerns about a potential recession, leading to a crypto bear market.
by Matin VarshochiWhen the COVID-19 pandemic initially hit, the majority of employees at some companies began working remotely until they were cleared to return to the office. The integration of work flexibility allowed employees to continue working and earning money while being in the comfort of their homes.
by Matin VarshochiCurrently, 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.
by Nailah HerbertDuring 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.
by Matin VarshochiAlthough the majority of industries are aggressively hiring, there is one major sector that is going in the opposite direction of everyone else–the technology industry. The once-booming industry has begun laying off people or going through a hiring freeze.
by Sheena AllenHaving a day job and becoming a real estate investor isn't an either-or proposition. Dive into this article to learn more on how they can both be done successfully.
by Pam HillThe Social Security Act, passed passed 86 years ago, is a key component of retirement income for nearly all individuals. Social security insurance also provides a safety net should a worker become disabled or a family lose their breadwinner.
by Pam HillYour credit score is used by lenders to determine your credit risk when it comes to borrowing money. The higher your credit score, generally speaking, the more you'll be able to borrow, and the lower your interest rate. That can save you thousands of dollars over the life of your loan. So, if you're looking to purchase a home, read on to learn how to optimize your credit score.
by Pam Hill