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Posted: April 20th, 2022
week 9- Read the following article and summarize the following article in at least 300 words.
week 9- Read the following article and summarize the following article in at least 300 words.
https://www.cnbc.com/2022/04/08/as-inflation-bites-higher-income-consumers-are-cutting-back-too.html
– What is inflation?
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– What is causing the inflation?
-Why are high income earners just as worried about inflation as low income earners?
– In your opinion, is the concern from earners more of a cash flow concern or a net worth concern?
– What happens when the “Feds” raise the interest rates?
– When consumers stop spending, how will that affect the overall economy?
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Week 9- Read the following article and write a summary of at least 300 words.
https://www.cnbc.com/2022/04/08/as-inflation-bites-higher-income-consumers-are-cutting-back-too.html
– What exactly is inflation?
– What is the source of the inflation?
-Why are high-income earners concerned about inflation just as much as low-income earners?
– Is the concern from earners more of a cash flow concern or a net worth concern, in your opinion?
– What happens when the Federal Reserve raises interest rates?
– What will happen to the economy if consumers stop spending?
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