Post-Pandemic Projections for the Global Economy According to a market analyst at BofA Securities, the COVID-19 pandemic is not just a temporary crisis. It is expected to permanently reshape societies, markets and politics throughout the world.

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Wealth Drift: Why the Income Gap Matters Wealth and income inequality were central issues in the U.S. even before the pandemic. Now, the gap is widening even more. For starters, in 2018 the top 20% of households earned more than half of the rest of the nation’s other income combined.

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America’s Job Crises: Past and Future Even before the mass layoffs caused by the COVID-19 pandemic, companies were having a hard time keeping workers employed. That’s because, in recent years, plentiful jobs have offered employees more options to jump ship if they weren’t happy.

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The SECURE Act Can Help Ensure Survivor Income The Setting Every Community Up for Retirement Enhancement (SECURE) Act, which went into effect at the beginning of 2020, included a provision designed to encourage employers to add an annuity option to their 401(k) plans. An annuity offers an insurer-guaranteed stream of retirement income in exchange for…

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What’s the Price of Oil Got to Do with You? Gasoline prices change due to fluctuations in oil prices, which are caused by varying levels of production and supply reserves. Crude oil production levels are affected by a wide range of factors, from natural disasters to political unrest in Middle Eastern countries.

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What Is an Economic Decline vs. a Recession? An economic decline happens when various measures of growth begin to falter. For example, the unemployment rate increases, inflation starts to rise, housing values drop, and consumers and companies reduce spending. However, just because some of these things occur doesn’t mean the country will enter a recession.

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