When a recession hits, it can have devastating consequences not only for business owners and their employees, but anyone with a nest egg or even a little savings out away. How can you preserve your wealth in a time of economic upheaval?
The COVID-19 pandemic has affected the lives of nearly everyone in the world. Millions have been personally affected by the virus itself and millions more have lost their jobs due to the pandemic’s disastrous effect on the economy.
Inflation is a word that's commonly heard in financial reports and everyday economic news. But what does it really mean as it relates to your money? Inflation is generally regarded as negative, but did you know that the Federal Reserve and other central banks actually think inflation is good? Let's talk about how inflation affects your wealth. Let’s also define MMT and explain how it relates to inflation.