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In strained economic situations like those happening currently, businesses often find themselves struggling with challenges that affect their bottom line. One challenge gaining a lot of attention is the increase in companies cutting their workforce to reduce costs. While inflation does play a role in this, there could be other potential reasons behind these decisions. …
The Rise in Business Layoffs: Exploring Beyond Inflation Read More »
When the prices of products and services rise suddenly, it can have an impact on investment. During inflation, investors need to react carefully and act to hold and increase the real value of any investments. To help make it through challenging economic periods, there are 10 things to consider when investing during an inflationary phase: …
Surviving Inflation: 10 Things to Consider When Investing Read More »
In uncertain economic times, investors look to financial assets like gold, silver, and platinum that can hold their value. These are the popular choices for investors who need to ensure their financial security, and there are many reasons why they make this choice. Hedge Against Inflation Inflation lowers the purchasing value that regular currencies have …
The Value of Investing in Precious Metals During Economic Turmoil Read More »
Credit unions sometimes have a reputation as the limited cousins to banks, but that’s not even close to the truth. In 2021, the National Credit Union Association (NCUA) listed roughly 5,100 credit unions in the United States, and that number continues to grow. With that said, many people are conditioned to only look at banks …
3 Quick Reasons You Should Consider Credit Unions Over Traditional Banks Read More »
Companies, of all sizes, are ultimately in the business of making money. But, with recession, many businesses struggle to keep their footing and avoid lasting damage while the economy stabilizes. According to the National Bureau of Economic Research, a recession is defined as two consecutive quarters of economic contraction in the nation’s gross domestic product …
Three Things You Should Do To Minimize Recession’s Impact On Your Business Read More »