Let me catch you up with an oversimplified version of what's going on: The economy is growing at 3.5%, our stock indexes are rising, budget deficits are shrinking, unemployment is below 6%, mortgage rates are at its lowest since May 2013, and gas prices are falling so hard that a cross-country road trip in the middle of winter seems like a perfectly logical thing to do.
Despite the seemingly good news, many economists are not so bright-eyed about our future as the numbers may not accurately depict the entire story. Yes, unemployment is low, but people are taking pay cuts and working temp or part-time jobs, thus taken out of the unemployment bracket. Yes, interest rates are low but expected to increase in 2015, which will cause the stock market to drop, slow down investments, and put a halt to spending. And the pessimistic list goes on and on.
All of this to say that you should educate yourself, figure out how this all affects you, and take action to protect yourself against the ups and downs of this unpredictable economy.
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