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Jackie Gingrich Cushman: Inflation and Stagflation — the Great Instructors — The Patriot Post

Stagflation, which reigned during the presidency of Jimmy Carter, occurs during an unusual confluence of events: high inflation, low economic growth and high unemployment. Normally, high inflation happens during periods of rapid economic expansion and low unemployment. On the opposite side, low economic growth and high unemployment normally occur during periods of low inflation. Stagflation, which combines the worst of everything, is particularly hard on the middle and lower classes, whose members face both high unemployment and rapidly rising prices for goods and services. In addition, the lack of jobs often leads to despondency among those unable to find work.

Be Ready for the Unexpected With an Emergency Fund

Be Ready for the Unexpected With an Emergency Fund © (Getty Images) Close up of a mature woman doing her bills at home The emergency fund is a critical tool for financial security – a fact that was reinforced for many when the coronavirus pandemic tested their ability to weather an economic storm. The personal saving rate hit an all-time high last year as consumers hunkered down during the pandemic. Experts, however, say the full ramifications of 2020 s economic downturn on individuals abilities and willingness to save for an emergency are still unknown. The portion of disposable income set aside as personal savings during the pandemic hit a high of 33.7% in April 2020, according to the U.S. Bureau of Economic Analysis. Though the personal saving rate dropped from there to the most recent rate available of 13.6% in February 2021, it s still relatively high compared to pre-pandemic levels of 7.2% in December 2019.

Robinhood stock traders aim to build wealth in South L A

Print At 1 a.m., the first alarm goes off. Blanca Lopez shakes off the sleep. For the last eight months, she’s been telling herself the same thing. “I need to hustle. I’m so young, I need to make this money.” For the record: 9:35 AM, Mar. 17, 2021An earlier version of this story said confetti appears on the Robinhood app whenever a user makes a transaction. It appears only on the first trade. The 23-year-old South L.A. native, a case manager for a senior home, reaches for her iPhone and opens up Webull, an investing app that has surged in popularity since January. The app enables her to buy and sell stocks 5½ hours before the market opens for regular trading.

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