economy Some Economic Reasons To Be Thankful Today If you dig past the negative headlines, you'll find some positive news. Photo by Scott Olson/Getty Images
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As we sit around the Thanksgiving dinner table and recite all of the things we’re grateful for, it might be easy to bring some of this year’s negative news to mind. While it’s vital to pay attention to the economic problems we’re still facing, it’s equally important to consider reasons that we should be optimistic about our collective financial future.

Steps in the right direction

Sure, consumer prices are still too high and many economists warn that a recession is likely over the course of the next year or so. That doesn’t mean that we’ll all be suffering under a miserable economy, though. In fact, there are a few key indicators that seem to suggest things aren’t going to be as bad as most of us have feared.

Here are some gratitude-inspiring economic facts:

  • The unemployment rate is quite low and, aside from the tech industry, it’s pretty easy for most Americans to find a job.
  • The supply chain interruptions that led to much of the skyrocketing inflation rate are increasingly clearing up as goods are making their way to destinations worldwide.
  • The cost of gasoline hasn’t increased all that much since its recent decline and a gallon currently sits at a national average just above $3.60.

Finding good in the bad news

Even some things that might appear negative at first glance could end up being a net positive for the nation’s economy. For example, the aforementioned widespread job cuts throughout the tech industry could end up being a boon for other sectors of the jobs market.

After all, tech firms have traditionally been able to pay higher rates and essentially coerce well-educated, extremely talented candidates to avoid working in other industries.

If these tech-savvy job seekers begin reinventing other realms of society, we might all benefit.

Chris Agee
Chris Agee November 24th, 2022
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