Economics

What Inflation Index Is Used For Social Security?

The Senate Finance Committee established the Advisory Commission to Study the CPI (also known as the Boskin Commission) in 1996 to assess the CPI’s accuracy as a cost-of-living index. According to the Boskin Commission, CPI bias likely overestimated annual increases in the cost of living by 1.1 percentage points. The Bureau of Labor Statistics has […]

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What Are Recession Proof Stocks?

Any well-diversified portfolio should include a mix of fast-growing companies and financially sound blue-chip stocks that can weather a downturn. During recessions, blue-chip stocks appeal to investors because they often pay dividends, offering a measurable return in the form of income. Blue-chip stocks in recession-resistant industries are particularly steady, which can help mitigate the impact […]

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Was The 2008 Recession Worse Than The Great Depression?

The 2008 financial crisis started out even worse than the Great Depression. We were hit by the worst financial shock in history ten years ago, far worse than the Great Depression. Indeed, during the 1930s, “only” a third of U.S. banks failed, although former Federal Reserve chairman Ben S. Bernanke declared bankruptcy in 2008. Was […]

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