Victor Haghani and James White's book 'Missing Billionaires: A Guide to Better Financial Decisions' unpacks what went wrong for the U.S.'s once-richest families.
When the lockdown subsided and businesses opened up again, so did wallets -- causing a surge in "revenge spending." Now, that pattern of consumer spending is cooling, which may help inflation but could put a dent in some of the "revenge categories" (like hospitality) that have rebounded since the pandemic.
We're living amid the crisis. But in spite of the obvious economic slow-down, businesses can actually find a way to stay afloat, and without cutting their teams short. Here are a few practical tips on how to do it.
Twenty-six percent of Americans say their financial situation will get worse in 2022, and forty-two percent say their financial situation will stay about the same in 2022.
The average household spent nearly a quarter of its stimulus check on goods and services last month, according to the Federal Reserve Bank of New York.