Real Estate

Here’s what a possible recession could mean for American consumers


Americans want to know: Is this a recession or not?

Officially, the National Bureau of Economic Research defines recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.”

In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second consecutive contraction this year.

More from Personal Finance:
What the Fed’s 75-basis point rate hike means for you
What the latest interest rate hike means for your savings
Nearly half of all Americans are falling deeper in debt

However, both President Joe Biden and Federal Reserve Chair Jerome Powell said we’re not in a recession…


0 0 votes
Article Rating

Amazon records $3.9 billion loss on Rivian holding in second quarter

Previous article

Pfizer (PFE) earnings Q2 2022

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate