The Economy and You Archives - Harvester Financial Credit Union

Post-Pandemic Money Moves

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When mapping out a monthly budget, the biggest tasks for many is separating needs vs. wants. Fortunately, we have plenty of tips to help you.

Navigating the Current Auto Market

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It is one of the worst times in recent history to be shopping for a new car. The market is locked up and prices are high. We have tips to help you navigate the market.

Second Wave of Stimulus Checks Brings More Scams

With another round of stimulus checks, comes another wave of scammers after your money and personal information. Find out how to avoid being scammed!

The Economy Grew at Just 2.1 percent (Annual Rate) in the Second QuarterReal gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent.These latest numbers show…

Personal Income Increases $35.7 by Billion

Personal income increased $35.7 billion (0.2 percent) in September according to estimates released by the Bureau of Economic Analysis. Did you get your share? Disposable personal income (DPI) increased $29.1 billion (0.2 percent) and personal consumption expenditures (PCE) increased $53.0 billion (0.4 percent). Real DPI (inflation-adjusted) increased 0.1 percent in September and Real PCE increased…

Which Industries Are Growing the Strongest?

Here\’s an interesting report that breaks down economic growth (GDP growth) by industry. Published by the Bureau of Economic Analysis, the report goes beyond the singular top-line number, to show which industries are doing well, which are doing really well, and which ones are lagging. First, the top-line number. Growth is strong. Economy-wide, real gross…

Inflation Heats Up

Prices rose faster over the past year than they have for the previous six years, according to a new report from the government\’s Bureau of Labor Statistics. According to BLS The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in June on a seasonally adjusted basis after rising 0.2 percent in May.…

Inflation Edges Up

A key measure of price inflation rose in May, and year-over-year now stands at a six-year high, according to the U.S. Bureau of Labor Statistics. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in May on a seasonally adjusted basis after rising 0.2 percent in April. Over the last 12 months,…

Confidence Index Rose Further in May

Consumer confidence is on an upward trend, and this a good thing for a consumer-driven economy like ours. The Conference Board reports that its Consumer Confidence Index increased in May, following a modest decline in April (after a downward revision). The Index now stands at 128.0 (1985=100), up from 125.6 in April. The Present Situation Index…

The Next Recession Will Begin in 2020, According to Zillow Report

The United States will likely enter the next recession in 2020, according to a survey of economists and housing experts conducted by online real estate company Zillow. Monetary policy is the likeliest cause of the next recession. These are some of the findings of the 2018 Q2 Zillow Home Price Expectations Survey. The quarterly survey, sponsored…