Have you thought about whether the economy is growing or declining? Have you seen the TikTok videos that have caused a stir in society about how, for example, Gen Z is unable to purchase a home due to the current state of the economy? How about how the economy explains why there are more fur babies in a household than children?
Everyone has had to keep up with inflation in terms of their purchasing power. When I recently traveled to Japan, I was able to use my dollar to buy a lot of things there. However, because I lived there for six months, I saw how inflation has increased again.
As the election concluded, Kamala Harris fell to President Donald Trump, who is returning for his second term in office, despite the fact that voters' primary concerns appeared to be aligned with what they wanted to alleviate: inflation. According to the White House, the Gross Domestic Product (GDP) increased by approximately 2.8% in 2024, which was significantly lower than market estimates.
What's been making headlines lately? The world is riveted, but the United States may be taking a step back rather than ahead with its presidential contender, Donald Trump. If you're already familiar with his planned economic tactics, CBS News has summarized a few major themes from his plans, including: taxes, inflation, and abortion.
A Public Relations major with an extensive background in Aviation Management.
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