As we step into a new year, many are contemplating career changes, seeking opportunities that not only fulfill their passions but also offer financial stability. In 2023 several jobs witnessed significant salary hikes making them a game-changer for job seekers. Resilient Job Market Fuels Wage Growth The pandemic’s impact on the economy had a silver […]
Finance
Spending Trend: The Lipstick Effect – What Is It and How Is It Helping the Economy?
As economic uncertainty looms, consumers are shifting towards smaller indulgences labeled as “affordable luxuries.” Stepping into 2024 As we step into 2024, consumer behavior is shifting. While 2023 witnessed an unexpected surge in spending that helped prevent an impending recession, experts suggest we might see a dip in spending this year. “Little Luxuries” In the […]
Stock Market: Boeing Suffers Turbulence After Mid-Flight Blowout
Boeing’s mid-air blowout prompts safety concerns, triggering a drop in shares, supply chain challenges, and heightened scrutiny into its overall safety record. Boeing Faces Turbulence Boeing, a name synonymous with aviation prowess, is grappling with a fresh crisis after one of its 737 Max 9 planes suffered a mid-air blowout, leading to an emergency landing. […]
World Bank Warns of Global Economic Slowdown
The World Bank warns of the slowest global economic growth since the pandemic due to persistent challenges. A Sobering Outlook The World Bank has issued a warning; they are projecting 2.4% growth in 2024, the weakest economic growth since the pandemic. A Look at the Global Economy The World Bank’s twice-yearly lookahead takes into account […]
How Social Security Changes Impact Your Retirement Spending
Reflecting on 2023 spending and asking what will 2024 look like for America’s seniors? A Look Back, A Look Forward 2023 saw considerable spending among older Americans, driven by an increase in Social Security incomes, while the upcoming year will see a more gradual increase in Social Security benefits. Senior Purchasing Patterns This begs the […]
Strong Labor Market Keeps Inflation in Check
Explore how a strong job market kept inflation in check against expectations. The Unexpected Combination Few economists were expecting the combination of a strong job market and moderate inflation when 2023 came to an end. But this unanticipated union ended up shaping last year’s economic story. Good Luck or is Progress Here to Stay? Now, […]
New Vehicle Tax Credit Aims to Make EV’s More Affordable
In a significant shift for the automotive industry, starting in 2024, electric vehicle (EV) buyers in the United States will experience a more streamlined and financially accessible path to ownership. Encouraging the Transition to EVs This change, emerging from the Inflation Reduction Act, allows the use of the federal EV tax credit as a direct […]
Real Estate: Is It a Good Time to Buy or Sell?
In a surprising twist, the recent dip in mortgage rates is re-energizing the US housing market. As potential homebuyers reassess their options, the market is abuzz with activity. A Sudden Shift in Trends The housing market, often predictable in its spring surge, is stirring earlier than usual. This unexpected activity is attributed to the recent […]
Bitcoin ETF Hopes: A Catalyst for Crypto Growth
The anticipation of a potential green light for US-based Bitcoin exchange-traded funds (ETFs) has sparked a flurry of excitement in the crypto market. Current Market Trends Contrasting with the downturn in stocks and gold, Bitcoin has shown a commendable 10% climb since the new year. This uptick signifies investor confidence and a positive outlook towards […]
Housing Market Predicted to Curb Inflation in 2024
The housing sector may be the hero we need against inflation. Surprising Relief In a year marked by soaring home prices and inflationary pressures, a surprising relief might be on the horizon: the housing sector is poised to play a pivotal role in curbing inflation in 2024. As the battle against inflation reaches its “last […]