every year. This is because inflation causes the price of goods and services to increase, meaning that consumers must incur more debt in order to pay for those goods and services. As inflation increases, wages may not always keep up, leading to increased consumer debt. Additionally, rising levels of income inequality can also contribute to increased consumer debt, as some individuals and households may take on more debt in order to keep up with their peers.
This summer, Starbucks and other popular restaurants began introducing pumpkin-flavored menu items much earlier than usual. Starbucks announced the launch of its pumpkin flavored drinks and baked goods on August 25, a full two weeks before the official start of autumn. The trend appears to have started in 2013, when Starbucks introduced the drinks two […]
Hiring has been slowing for a few months now, which isn’t necessarily a bad thing. It can be a sign that the labor market is becoming saturated and that employers no longer need to hire as quickly in order to meet demand. This can help prevent risk of wage inflation due to excessive competition for […]
Delta has announced changes to its SkyMiles program that will make it harder to get access to airport lounges and earn elite status. The new rules will require customers to purchase higher fare ticket types in order to earn lounge access on certain flights and higher spending requirements to qualify for elite status. The changes […]