Posts Tagged With ‘ unemployment ’

Inflation Federal Reserve Interest Rate Hikes By Jeremy Reif, CRPS The big news from banks in the last few weeks was in their internal financial reporting that account balances continue to trend down for consumers.  Speculating on two things.  The first is that consumers have spent all or most of their COVID-19 relief money.  The second is that despite the lagging inflation warning information that the Fed is reviewing, consumer spending will slow down in the near future.  Signaling that the US economy could be close to slowing down despite the unemployment rates and consumer spending. To some,... Continue Reading

As the bad first two years of the pandemic recede in the rear-view mirror, a new report reminds us how tough things got for renters. In 2021, a record 21.6 million U.S. families were paying more than 30 percent of their income on rent, which is the real estate industry’s benchmark for people whose housing costs have become a financial burden. That amounts to just under half of all renter households who were struggling during COVID – very close to the high reached during the Great Recession. And the vast majority of the 1.2 million increase from 2020’s level was in the group that struggles... Continue Reading

The economy expanded smartly in the years before the Great Recession, just as it did before the COVID downturn. But the two recessions were markedly different, with opposite effects on when older workers signed up for Social Security, a new study finds. In 2008, the stock market slid nearly 40 percent. Older Americans with retirement accounts, wanting to recoup their losses, were more likely to keep working or looking for a new job during the protracted downturn. But skyrocketing unemployment pushed many older workers in the other direction. Social Security became an obvious fallback in the Great... Continue Reading