Due to COVID-19, everyday items have begun rising in price. For example, according to a report released by the Bureau of Labor Statistics, certified pre-owned cars have raised in price by 41.2%.

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.

We often hear the word unemployed, which is when a capable person is actively seeking but does not have a job. However, we seemingly skip over the issues regarding underemployment, which is when a person is working but not to the full extent of their desires, abilities, or education.

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.