Discussion Post: Financial Management & Analysis
Read the following article "As inflation bites and America's mood darkens, higher-income consumers are cutting back, too" by Eric Rosenbaum and summarize the following article in at least 300 words.
• What is inflation?
• What is causing the inflation?
• Why are high income earners just as worried about inflation as low income earners?
• In your opinion, is the concern from earners more of a cash flow concern or a net worth concern?
• What happens when the "Feds" raise the interest rates?
• When consumers stop spending, how will that affect the overall economy?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.