7 ways a recession could be good for you financially. – Investment Watch

5. Unemployment is still relatively low. People with jobs and money to spare can splurge on luxuries such as vacations.
Despite higher prices and rising interest rates, millions of Americans have taken leisure trips.

More than half of Americans plan to travel for one or both vacations this year, even though airfares will be 43 percent higher than last year, according to Hopper, a travel booking app.

However, the unemployment rate rose to 3.7 percent, according to the Bureau of Labor Statistics. So, if you’re worried about your job security or a recession, just cancel your vacation plans for 2023.*

6. Your used car is worth more. If you want to upgrade to a newer car and your car is in pretty good condition, you’ll get more for your trade-in.

Prices for used cars and trucks rose 7.8 percent, according to the latest data from the US Bureau of Labor Statistics. Unfortunately, new car prices are up 10 percent from a year ago.

That was the thing about Saturday night live routines in the late 70s:

* And since there’s a retreaded Obama administration in the White House, enjoy the fun job! “For the ‘funemployed’, unemployment is welcome.”

UPDATE: No bee asks us to “Check out this actual WaPo headline today:”

Notice how he keeps comparing Biden to FDR?

That’s because the Party and Biden himself want the president to be compared to FDR.

But it isn’t. The inflationary cycle we’re in makes Jimmy Carter 2.0, except it’s an insult to Carter.

Oh, I don’t know; I can see an FDR comparison here: FDR’s policies prolonged the depression by 7 years, UCLA economists estimate.

And also a Woodrow Wilson comparison: Biden’s age and re-election plan are reminiscent of Woodrow Wilson.

(Updated and improved.)


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