After receiving your income information from tax records, the Social Security Administration recalculates your retirement benefit each year. (Employers submit W-2s to Social Security if you have a job; if you are self-employed, the earnings data comes from your tax return.) Any job income from that tax year will be factored into your benefit computation […]
Are Social Security Benefits Adjusted For Inflation? Read More »
In the past, an inverted yield curve was thought to be a sign of impending economic downturn. When short-term interest rates exceed long-term interest rates, market sentiment suggests that the long-term outlook is bleak and that long-term fixed-income yields will continue to decline. Why is it possible that an inverted yield curve is linked to
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A recession is a period of economic contraction during which businesses experience lower demand and lose money. Companies begin laying off people in order to decrease costs and halt losses, resulting in rising unemployment rates. Re-employing individuals in new positions is a time-consuming and flexible process that faces certain specific problems due to the nature
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The Consumer Price Index for All Urban Consumers (CPI-U) U.S. city average series is used in the CPI inflation calculator for all categories, and it is not seasonally adjusted. This information covers changes in the cost of all commodities and services purchased by urban families for consumption. How can you figure out the rate of
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All of these countries have one thing in common: they’re all trying to recover from a once-in-a-lifetime pandemic that’s still wreaking havoc on the economy’s supply chain, making it difficult for businesses, workers, and the global supply chain to operate at full capacity and meet soaring consumer demand. It’s probably more appropriate to state “COVID
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In 2019, the federal government spent $3.30 trillion. This equates to 17% of total GDP. It contributes less than the 19 percent it did in 2006. In other words, while the economy was booming prior to the recession, the government spent more. In 2020, what percentage of GDP will the government spend? Government spending will
What Percent Of GDP Accounts For Government Purchases? Read More »
Retail and wholesale trade industries led the increase in private inventory investment. The largest contributor to retail was inventory investment by automobile dealers. Increases in both products and services contributed to the increase in exports. Consumer products, industrial supplies and materials, and foods, feeds, and beverages were the biggest contributions to the growth in goods
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When the economy becomes less active, it is called a recession. Many corporate shares are depreciating in value. One definition is that a recession begins when the gross domestic product falls for two quarters in a row. Between 2007 and 2009, the Great Recession occurred. What happens when there is a recession? A recession is
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Let’s start with economic downturns. A recession is often defined as two or more quarters of negative economic growth, which is most commonly assessed using real gross domestic product (GDP). Employment levels, real incomes, retail sales, and industrial output are among the parameters used by the National Bureau of Economic Research (NBER). Banking, trade, and
Why Is A Recession Bad? Read More »
Digital currencies like bitcoin, according to a top Bank of England policymaker, might cause a financial crisis unless governments step up with strict rules. Sir Jon Cunliffe, deputy governor of the Bank of England, compared the rise of cryptocurrencies to the spiraling value of US sub-prime mortgages before the 2008 financial crisis, and warned that
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