Tag: economy
A Faith-filled Response to COVID-19
Posted on March 19, 2020 in Life, Money by Nathan Cherry
Concerns over the growing economic impact of COVID-19 are legitimate. What was at one time considered a minor concern, predicted to have virtually no effect on the surging American economy, is now being reevaluated to determine just how big of an impact it will have. The assessment is a daunting task that will be nearly impossible to gauge.
A Word of Caution for Consumers Seeking to Borrow Money
Posted on August 16, 2018 in Money by Nathan Cherry
If employers are creating jobs and need to fill those jobs, but there is not enough workers to fill the jobs, it’s a problem that can result in inflation. When employers have to compete for talented workers they do so by raising wages. Wage growth across multiple sectors can lead to inflation as retailers see an opportunity for profit and raise prices to keep up with wage growth.