With this year’s holiday season right around the corner, it is the best time for businesses to increase their profits. As the economy is returning to normal, consumers are expected to spend between $843.4 billion and $859 billion.
by Nailah HerbertDue to the pandemic, Hertz filed for bankruptcy. Less than four months after coming out of bankruptcy, they announced a deal with Tesla. The deal with Tesla will include 100,000 Model 3s, which will be shipped to Hertz by the end of 2022.
by Matin VarshochiGroup economics is when groups of people have a common economic goal and work together to achieve it, and is one route that assists with the closing of the racial wealth gap, including the practice of supporting local businesses.
by Nailah HerbertAs the economy returns to its normal state rather quickly, some supply chain issues have caused pent-up demand. The shortage is causing store shelves to remain empty, leading to higher prices for consumers.
by Nailah HerbertCollege is considered a valuable tool to those who want to secure a job with a great salary and benefits. However, the cost of college tuition increases about 8 percent every year, which means it doubles every nine years.
by Nailah HerbertThe poll questioned 3,616 adults about health and financial problems affecting members of their household and outlined alarming statistics about American families reporting financial hardship during the Covid-19 pandemic.
by Sheena AllenA record number of 4.3 million workers left their jobs in August. ‘The Great Resignation,’ as many call it, has continued through the last couple of months, empowering many to resign from their jobs in search of something better.
by Viviana VazquezThe vaccine mandate being a requirement for most occupations has caused those who have chosen to stay unvaccinated to protest in the street, as they feel their freedom of choice is being taken away.
by Sheena AllenSince 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.
by Nailah HerbertTypically, new and used vehicles decrease in value each year. However, the average price of used cars has increased by 4.9% over the past year. As a result, many used car owners have become intrigued to sell their used cars for profit.
by Sheena AllenA report released in early 2021 indicated that the money in the Social Security Trust Funds is expected to run out by 2034.
by Viviana VazquezFederal law mandates that a person is entitled to receive a free credit report from each of the three national reporting agencies, Equifax, Experian, and TransUnion, every 12 months. However, due to the COVID-19 pandemic, you can now get reports per week.
by Sheena AllenAugust is National Black Business Month, and the celebration and notoriety of the month have increased over the past few years. However, despite the increased buzz, the COVID-19 pandemic has made living conditions increasingly difficult for everyone, especially those who own Black-businesses.
by Nailah HerbertOn September 9, Amazon announced they would be covering their employees’ college tuition fees. The CEO of Worldwide Consumer at Amazon, Dave Clark, said the company will invest a total of $1.2 billion by 2025 for more than 750,000 front-line workers.
by Sheena AllenThe Biden Administration recently let the federal COVID assistance programs expire, leaving seven (7) million Americans without a source of income. Here’s what happened and how it has affected the people involved.
by Viviana Vazquez