THE ECONOMIC RESENT 2021 BLOG

I’m going to give my perspective about the state of the United States of America (USA) from an economic perspective. As various factors like the multiple amount of governments and companies that are stabilizing the U.S. economy with economic stimulus programs, and given the fact that 266,000 jobs were added in April 2021. Jobs were added mostly in the hospitality, financial, mining industry, healthcare and information sector had the most gains. Where the jobs were lost fall into the category of manufacturing, durable goods, motor vehicle industry, retail industry, education and health services which had the least amount of jobs lost. With the pandemic as of March 19, 2021 college attendance is down to one of it’s highest levels in the United States history. Especially given the fact for over the last year of 2020's economic uncertainty has been on the hearts and minds of everyone across the country. What’s the point of getting into 80k to 160k worth of college debt if one cannot even find a decent paying job right? 

Last but definitely not least, the extra $600 unemployment benefit is set to end by July 31, 2021. As the U.S. Congress debates over weather there should be an extension for unemployment benefits, I have one question to ask? With the shape of the U.S. economy working people must adapt to alternatives ways to not only how to make money, but how to make money circulate around their family economy first. With inflation on the rise particularly with home prices, food prices, car and truck rental prices have gone up the highest in quite a while. The way forward for a lot of working people will be grassroots ways of collecting money, saving money, owning assets etc.  For example say one’s last name is Johnson, and if one cannot afford to own a car, house, business, stocks, bonds or any other asset then multiple members of the Johnson family should put their money together in order to own these assets as a force. My prediction is only a certain very smaller amount of the U.S. working population will be able to afford to be in the middle class from 2021 to 2030. Meaning two salary incomes are becoming a thing of the past for the middle class. Five to six salary income households, could become the only way for working people to make their way into the middle class. But for the millennial generation that doesn't work to leave any assets behind, then the next generation of working people chances of becoming dirt poor, or worst homeless will increase by 2030. So word to the wise, please consult a financial professional, and educate yourself in order to increase one's financial literacy.  Please support Larry's Anything Goes LLC. by checking out our online store: https://larrys-anything-goes.myshopify.com/