Kaylee Wells
👤 SpeakerAppearances Over Time
Podcast Appearances
Because if things you have to buy, like food and electricity, go up faster than your wages, your actual purchasing power goes down.
Because if things you have to buy, like food and electricity, go up faster than your wages, your actual purchasing power goes down.
And inflation is expected to get worse because of the war in the Middle East.
And inflation is expected to get worse because of the war in the Middle East.
Joe Brusuelas, chief economist for the consulting firm RSM, says it's unleashed a prodigious oil and energy shock.
Joe Brusuelas, chief economist for the consulting firm RSM, says it's unleashed a prodigious oil and energy shock.
That's when the rate of inflation exceeds the rate of job growth.
That's when the rate of inflation exceeds the rate of job growth.
So industries that rely on discretionary spending, hotels, restaurants, leisure, could weaken right at the time of year that they would be taking off.
So industries that rely on discretionary spending, hotels, restaurants, leisure, could weaken right at the time of year that they would be taking off.
Just how high inflation will climb after the war won't show up until fresh consumer price index data gets released next week.
Just how high inflation will climb after the war won't show up until fresh consumer price index data gets released next week.
We've got three reasons this is happening.
One, new cars have gotten way more expensive, says Sam Fiorani with Auto Forecast Solutions.
And unlike a house whose value typically increases over time, with a car... As soon as you drive it off the lot, you owe more than it is worth.
The second issue, car loans are getting longer.
Tyson Jominy at J.D.
Power says longer loans mean it takes longer for cars to be worth more than what you owe on them, which over a decade of ownership wouldn't be an issue.