Top 7 Economic Predictions To Expect The 2nd Half Of 2022

Things are about to get REAL here in America and across the globe. And I say this not to scare anyone but because I’m a realist.

Most of what is happening is completely out of our hands but the unusual is about to become the norm. I’ll try not to be too opinionated but I will start to share more based on economic trends and published data.

June will be here in a couple of days and here’s what to expect the rest of 2022:

  1. Gas prices will continue to surge higher, and many Americans will be shocked by how high they eventually go.
  2. Food prices will continue to rise.
  3. The Federal Reserve is likely to continue to aggressively raise interest rates.
  4. Higher interest rates will be devastating for the housing market in the United States.
  5. As the economy slows down, we should expect layoffs to increase and jobless claims will eventually start to spike.
  6. Stock prices will continue to fall.
  7. A recession is either already here or will arrive soon. We will see a historic economic meltdown so it’s important to prepare for it mentally and financially.

Data Collected From Here

👉🏾 Remember financial literacy is for EVERYBODY.

Article By Aura Bea Carter

Get Your Finances On Track With This Workbook

Here Is What You Can Do To Spend Less On Gas

The escalating prices at the pump are causing a lot of angst, so I’m going to do that annoying thing that older folks do when someone younger is complaining about a hardship: Tell you that it isn’t as bad as you think.

Back in the day, during the gas shortages and surging gas prices of the 1970s, I remember sitting with my grandmother for hours in a line that snaked around the gas station to fill up the family station wagon. Big Mama could buy gasoline only on odd-numbered days of the month based on the last digit of her license plate. To save money during the gas crisis, my grandmother rarely drove anywhere except to work, the grocery store and church.

Gas prices are hitting new highs. Here’s why — and how long the surge could last.

The invasion of Ukraine, which has led President Biden to ban the import of oil and natural gas from Russia, is contributing to the latest spike in gas prices. It’s tough for a lot of folks living on the financial edge, especially those who use their vehicles to earn a living. Even if you can afford to absorb the increase, paying $6 and some change for a gallon of gas can cause some psychological pain.

People are looking for ways to spend less at the gas pump. No, having your food delivered to avoid a trip to the restaurant doesn’t necessarily save you money when you factor in a service fee, a delivery charge, a possible surge charge and a tip.

West Virginia was the top state searching for “Gasoline” as of midday Thursday, followed by Idaho, Indiana and Alabama, according to Google Trends. People are also searching for answers to how long gas prices are expected to be high and what’s causing the spike.

Why high gas prices may be here to stay

Until prices stabilize and come down, there are some things drivers can do to cut down on what they pay to fill their tanks, said Ellen Edmonds, AAA public relations manager.

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