Two Cents

Unless you’ve been living under a rock, you may have noticed prices on the whole started to rise in response to the pandemic causing inflation. There was a similar hike in inflation back in the 80’s. In response, the government raised interest rates quickly and severely causing the nasty side-effect of a crippling recession. After peaking in June of 2022 at 9%, inflation plummeted back down to 3.

Have you heard that inflation is spiraling out of control? Have you heard that we're in a recession? Have you heard that people have less spending power today than their parents did 30 years ago? If you're on social media (and who isn't?) you've probably heard some or all of these facts presented like they were common knowledge. The problem is… they're all wrong.