As recession fears loom large, the stock market has already been in bear market territory for some time. The S&P 500, for instance, officially entered bear market territory on June 13, 2022. At.
What, exactly, should Americans be doing with their money right now? More than halfway through 2022, the general consensus is to save as much money as possible. Saving is the primary strategy.
The COVID-19 pandemic reinforced the importance of having money saved for the unexpected, with many Americans experiencing job loss and unanticipated medical expenses. And many people took this lesson.
By some estimates, the middle class in America is shrinking. A Time Magazine article from 2001 said that the proportion of families in the middle class (defined at the time as having a household.
Many Americans are struggling with inflation and have already reduced some degree of spending to better afford necessities like gas and food. But what happens when inflation surpasses your budget to.