Critical Analysis Of The Us Economy

Abstract

This study investigates the condition of the U.S. economy in the period post 2020, highlighting the key events that have impacted the American population. The study also focuses on the recessionary behaviour of the American market, the 2023 debt crisis and the effect of rising prices on the common household. The role of the recently unchanged but high interest rates is also presented. Debt as a characteristic is also used to indicate how it serves as a crucial element in outlining the tangible repercussions of inflation within real-world scenarios. Inflation is covered in figurative terms and also its effects on the real sector are stated. The paper highlights impact of inflation in terms of the consumer's purchasing power taking real estate, vehicles, etc. into account.