News You Need To Know on Dec. 27, 2022

Look back at 2022

This was the year when everything returned to normal. Instead, our financial life entered the strange new field.

This week, we are doing something different. Instead of bringing the latest money news of the day, we are going to take a look as to how 2022 changed our finance. It is wrapped like a spotf, but for its money – all the biggest win and disadvantage to the economy and how they affected your money in the year.

Western sanctions against Russia for Ukraine’s attacks against Russia led to a considerable chain response for us here and increased overall inflation with them, causing gas pumps, grocery store and things for all of us. The Federal Reserve attempted aggressively in an attempt to reduce high inflation, which made more ineffective to all to borrow through credit cards, car loans and mortgage.

However, in 2022 there were still some economic victories. The economy lost all jobs, when Covid -19 hits the fastest speed seen in more than 40 years in 2020, and continued to hire employers. Shopkeepers also continued to spend, unaware of high prices for life’s needs.