The Big Financial Stories of 2021 and What to Expect in 2022
From high inflation rates and meme stocks like Game Stop to the economy trying to recover from the first year of the pandemic, a lot happened in 2021 that impacted our finances. As we get ready to celebrate the holidays and ring in the new year, it’s a good time to look back on what happened in 2021 and how we can prepare for the future.
Inflation Reaches an Almost 40-Year High
High prices for over the previous year in October, marking the biggest jump in inflation since December of 1990. It was even worse in November, with, the fastest pace since 1982. Despite in each paycheck, people can’t tell due to the higher prices of consumer goods they’re seeing.
