There seems to be an illusion around what is happening in the economy. For various reasons many are quitting their jobs (the great resignation) with ambitions of becoming an entrepreneur or starting work in the gig field.
Consumers are spending less money and companies have started layoffs. Two signs that you have be very wise with your financial decisions.
Recently President Biden said that a recession is not inevitable. The way that he worded his statement has caused confusion as to what’s happening in America.
The best advice I can share is to pay attention to the obvious. If you don’t like to watch or read the news on a regular basis, check in on the economy at least once a month. Especially now so that you aren’t surprised at the price increases that are across the board.