IMGENERATIONX

What is a consumer simple definition?

Consumers can be either an individual or group of people who purchase or use goods

and services solely for personal use, and not for manufacturing or resale. They are

the end-users in the sales distribution chain.

What is a consumer in economics

Consumer economics deals with the question of how the consumer allocates his scarce

means over a variety of different commodities and services. The consumer is thought to

be able to order the various sets of quantities of goods and services that fit in the

limited budget according to his or her preferences.

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth

quarter of 2022, after increasing 3.2 percent in the third quarter.

What is a simple definition of GDP?

Image result for What is GDP

GDP measures the monetary value of final goods and services—that is, those that are bought by

the final user—produced in a country in a given period of time (say a quarter or a year). It

counts all of the output generated within the borders of a country.

What is GDP with an example?

Image result for What is GDP
We know that in an economy, GDP is the monetary value of all final goods and services produced.

For example, let’s say Country B only produces bananas and backrubs. Figure %: Goods and

Services Produced in Country B In year 1 they produce 5 bananas that are worth $1 each and

5 backrubs that are worth $6 each.

What are the 3 types of GDP?

What are the Types of GDP?

Nominal GDP – the total value of all goods and services produced at current market prices.

Real GDP – the sum of all goods and services produced at constant prices.

Actual GDP – real-time measurement of all outputs at any interval or any given time.

What is GDP and why is it important?

One of the most important is gross domestic product, better known by its initials, GDP. This

economic indicator reflects the monetary value of goods (from food products to vehicles,

machinery and textiles) and services (such as health care, education, etc.) produced in the

country over a certain period of time.

What are the 6 types of consumers?

The survey identified six different types of shoppers, including:

Diligent searchers. According to the survey, these individuals take everything into

account, valuing all product and brand characteristics.

Product selectors. These folks focus on the.

Pleasure shoppers.

Foodies.

Unbiased buyers.

Indifferent consumers.

What are the 5 steps to becoming rich?

The 5 Fastest Ways To Become Rich, According To Experts

Avoid (and Pay Down) Debt. Debt is not necessarily bad in all instances, but it is

something to be avoided most of the time. …

Spend Intentionally and Minimize Costs. …

Invest as Much as Possible in a Diversified Portfolio. …

Work On Your Career. …

Find Extra Work7 TIPS ON BUILDING RESERVE CASH FOR EMERGENCIES 2023

Here are the Top 10 keys to your financial success:

Decide to be financially successful. This is different than wishing, hoping, wanting or even desiring to be rich.

Understand how money works.

Set specific goals. .

Develop a budget.

Reduce spending.

Begin investing.

Increase assets.

Reduce taxes2022-2023 YEAR TO DOUBLE YOUR INCOME ARE YOU VISIONARY???

Kindle Inspirational Books Videos and Motivational Programs

The United States economy created one million jobs in 90 days. An unemployment rate of 3.4%.

Currently 50 states Governors are pushing their economies to grow and expand. With over 200

billion dollars of surplus.

What kinds of training opportunities are provided by the federal government?

Training For Federal Employees

Overview.

Client Enrichment Series.

Contracts & Acquisition Training.

GSA Portal FACA Training Registration.

Technology Management Training.

Fleet Management Training.

Acquisition Training for the Real World.

Training Opportunities for Federal Employees – GSAhttps://www.gsa.gov › about-us › gsa-training-programs

More than 60,000 new students between the ages of 16 and 24 enroll in Job Corps each year,

at an annual cost to the federal government of more than $1 billion.

What is the success rate of Job Corps?

Eighty-eight percent of all Job Corps graduates are placed in jobs, higher education or

the military. Students leave the program with industry-recognized credentials, trained and ready

to contribute in high-demand jobs including health care, manufacturing and construction.

What is the biggest Job Corps in the United States?

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Gary Job Corps Center is the largest Job Corps center in the United States. We are located on an

800-acre campus in San Marcos, Texas, just a short drive from Austin and San Antonio.

How much is the weekly allowance at Job Corps?

The living allowance (i.e., pay) is based on stay duration (e.g., up to 56 days is $25/pay period

or two weeks, 57-112 days is $30/pay period, 113-182 is $40/pay period and 183+ days at $50/pay period).

You can do it quotes

“Do the best you can. …

“Do what you can, with what you have, where you are.” ―Theodore Roosevelt.

‘It’s never too late to be what you might’ve been.” ―George Eliot.

“If you can dream it, you can do it.” ―Walt Disney.

“Trust yourself that you can do it and get it.” ―Baz Luhrmann.

Beautiful resorts, great places to eat and the beautiful sandy beaches.

Grab a timeshare and enjoy

INVESTING IN REAL ESTATE IS ONE OF THE MOST PROFITABLE BUSINESS

IN THE US. AW, BEFORE YOU SAY YES. GRAB A BOOK FROM YOUR LOCAL BOOK

STORE ON BUYING AND FLIPPING HOUSES. FUNDING YOUR INVESTMENTS CAN

COME FROM A SECOND BUSINESS A SECOND BUSINESS FOR REAL ESTATE INVESTING

PLEASE COMMENT ON INVESTING. ALL COMMENTS WILL BE POSTED THAT HELPFUL.

First time homebuyers are realizing the American Dream. While renting for

a short period of time is fine building equity, with the tax advantages

is a wealth changing game plan. Homeownership is both wise and profitable

and quite enjoyable.

Below we have posted a few books that great for reading. Also, don’t

overlook audio books. Learn while you travel to and from weeks.

6 Month Treasury Bill Rate is at 4.76%, compared to 4.74% the previous market day and 0.57%

last year. This is higher than the long term average of 4.48%. (February 10, 2023)

https://www.TreasuryDirect.gov

“With 517,000 new jobs added in January 2023 and the unemployment rate at 3.4%, this is

a blockbuster report demonstrating that the labor market is more like a bullet train,” Becky

Frankiewicz, president and chief commercial officer of ManpowerGroup, said Friday

What state has lowest unemployment rate?

The annual inflation rate for the United States is 6.5% for the 12 months ended December

2022 after rising 7.1% previously, according to U.S. Labor Department data published Jan.2023

Wyoming

Rank State Unemployment rate

1 NORTH DAKOTA 2.8

2 NEBRASKA 3.6

2 UTAH 3.6

4 SOUTH DAKOTA 3.7

Is unemployment high in the US right now?

The unemployment rate was 3.4% in January 2023

The current unemployment rate, which measures the percentage of workers who want a

job but don’t have one, has remained low as the U.S. economy continues to rebound

from COVID-19

What is the job outlook for 2023?

2023 is kicking off with a tight job market, despite recent headlines of layoffs and

hiring freezes. In December, the unemployment rate edged down to 3.5%, the lowest it’s

seen in 50 years, while demand for labor remains high — which means that candidates have

a better selection of opportunities to choose from.

4.50% to 4.75%

The Federal Open Markets Committee (FOMC) sets the federal funds rate—also known as the

federal funds target rate or the fed funds rate—to guide overnight lending among U.S. banks.

It’s set as a range between an upper and lower limit. The federal funds rate is currently

4.50% to 4.75%.

Job Corpshttps://www.jobcorps.gov

Job Corps is the largest Free residential education and job training program for young adults

ages 16–24. We connect you with the skills and education

What is the purpose of Job Corps?

Job Corps is a no-cost education and vocational training program administered by the U.S.

Department of Labor that helps young people ages 16-24 improve the quality of their lives

by empowering them to get great jobs and become independent.

Do you make money in Job Corps?

Do I get paid while I am at Job Corps? Throughout your training, you will receive a bi-weekly

basic living allowance. As your training progresses, your living allowance will increase.

After you graduate, Job Corps can help you get started on your journey with a transition

allowance.

Currently, Job Corps offers more than 300 pre-apprenticeship programs in construction, advanced

manufacturing, renewable resources and energy, transportation and automotive and machine repair

industries.Nov 14, 2022

50 States – 50 Governors aggressively growing their state economies and expanding their

economies. In 2023 the employment rate will drop below 3%. The Federal Reserve Federal Fund

Rate is far below 6% which will slow the US Economy.

What is the success rate of Job Corps?

Eighty-eight percent of all Job Corps graduates are placed in jobs, higher education or the

military. Students leave the program with industry-recognized credentials, trained and ready

to contribute in high-demand jobs including health care, manufacturing and construction. The

Job Corps works.

How much credit card debt is there in the US?

$925 billion

(According to the New York Fed, the nation’s households had outstanding credit card balances

of $925 billion as of September 2022, which includes debt on bank credit cards but not retail

credit cards. Jan 10, 2023

What percent of the US population is in credit card debt?

83% of Americans own at least one credit card. There are 1.1 billion credit cards in the

U.S. as of 2022. The average credit card debt of U.S. families is $6,270

Chase is the largest credit card company in the world, with 16.6% of all outstanding

balances.

What percent of Americans are debt free?

Image result

What percentage of America is debt-free? According to that same Experian study, less than 25% of

American households are debt-free. This figure may be small for a variety of reasons, particularly

because of the high number of home mortgages and auto loans many Americans have.

In the week ending January 21, the advance figure for seasonally adjusted initial claims was

86,000, a decrease of 6,000 from the previous week’s revised level. The previous week’s level

was revised up by 2,000 from 190,000 to 192,000.

News Release – U.S. Department of Laborhttps://www.dol.gov › data.

When you do the math, if the number of initial claims continue to fall, a decrease of 6000

per week by October 1, 2023 no one will be claiming unemployment benefits initially.

According to the Federal Reserve definition of full employment is 4.00%. Currently the

United States of America rate of employment is 3.5%.

The Federal Reserve hope policies has failed to slow the economy down and inflation

is still to high.

The Federal Government continue to stimulate the economy with billion of dollars to Social

Security individuals, billions of dollars in earned income and billions more in the Inflation

Reduction Act, not mention the Chip Bill which recently passed.

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The Federal Reserve also stimulating an overheated economy with a Federal Fund Rate of 4.25%.

(What is the federal funds rate now?

Effective Federal Funds Rate is at 4.33%, compared to 4.33% the previous market day and 0.08% last year).

This low Federal Fund Rate stimulate the US Economy as stated by Federal Reserve Chairman J Powell

whom would like to increase the rate above 5%.

How high will interest rates go in 2023?

The Federal Reserve’s projections released after their December meeting showed that in 2023

the bank expects the FFR to average around 5.1 percent.

What is the Federal Reserve target interest rate?

4.25% to 4.50% Added: %

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The Federal Open Markets Committee (FOMC) sets the federal funds rate—also known as the federal

funds target rate or the fed funds rate—to guide overnight lending among U.S. banks. It’s set

as a range between an upper and lower limit. The federal funds rate is currently 4.25% to 4.50%.

Will Chairman Powell increase the Federal Fund Rate by 50 bps next week is yet to be seen????

The US Economy will not slow down. 50 Governors, 50 States, the consumers and the Federal

government spending will continue to expand and grow the US Economy all of 2023.

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How much is reserve cash?

While you’re working, we recommend you set aside at least $1,000 for emergencies to start and

then an amount that can cover three to six months of expenses. When you’ve retired, consider a

cash reserve that might help cover one to two years of spending needs.

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PLEASE DONATE WITH THE PAYPAL BUTTON BELOW — CLICK NOW

Your Small Business Web Site

A website is a crucial ingredient of your marketing strategy because it can widen your target market to include anyone who has access to a computer and the internet. So, how can you reach some of those internet surfers, and how can you capture some of the billions spent in e-commerce?

small business web site, small business websitHEALTH CARE BENEFITS FOR THE DISABLE

A website is a crucial ingredient of your marketing strategy because it can widen your target market to include anyone who has access to a computer and the internet. Almost 60% of Canadians had access to the internet at home in 2003, and around 8 million had regular access to the internet from somewhere, either at home, at work or at school.

And that’s just in Canada. Ecommerce sales from Canada were $7.2 billion, and we only captured 4% of the global e-commerce market! So, how can you reach some of those internet surfers, and how can you capture some of that $7.2 billion spent in e-commerce?BUILDING RETIREMENT WEALTH

First, you build it

The first step is designing your website. If your company already has business cards and letterhead, it’s best to design your website around them. A matching corporate identity and website helps with branding.STARTING A BUSINESS

I like uncomplicated websites, with a simple layout and easy navigation. A nice, simple layout, with good graphics, a balanced look, and good color combinations is my #1 goal when designing a small business website.

Remember to use graphics sparingly and to optimize them for your website because internet surfers are impatient. If your page loads too slowly, they’ll leave.

Navigation should be easy to find and to use, and it should be consistent from page to page. I’ve left more than one site frustrated because I couldn’t easily find their navigation.

Small business websites aren’t static. They evolve. You need to start somewhere, and starting with an introductory website is probably the easiest. All you really need to start is five pages. You can always add pages later.

The important thing is to just do it—take the plunge and get it out there.

THE AMERICAN GREATEST DREAM — HOME OWNERSHIP7 SIMPLE STEPS TO BE A FIRST TIME HOMEBUYER

1
Principal
Principal is the amount of money you borrowed to buy your house, or the amount of the loan that you have not yet repaid.

Keep in mind, the more money you pay up front in your down payment, the less you will have to borrow.

The amount of money you can borrow is based on a variety of factors, including your monthly income and payments such as car loans and student loans. Use our mortgage affordability calculator to estimate how much you may be able to qualify for.

2
Interest
Interest is the cost you pay to borrow money from your lender, and it usually appears as a percentage of the amount you borrowed.

Interest rates are set by your lender based on many factors, some that you can control and some that you can’t. Out of those that you can control, one of the most important factors is your credit score. A higher credit score could help you get a lower interest rate.

Learn more about interest and getting the best possible rate for you.

3
Escrow
Required by many lenders under the terms of your mortgage, an escrow account is a reserve set aside to pay for a portion of your annual costs for property taxes and insurance premiums, such as homeowners insurance.

Your escrow payment goes to your lender, who deposits the money into an escrow account. The lender uses the money in the escrow account to pay for your property taxes and insurance premiums on your behalf when they are due.

Regularly scheduled escrow payments are a good option for many homeowners because they eliminate the surprise of a large annual payment for those expenses.

Learn more about escrow payments.

4
Taxes
Your mortgage payment will typically include one-twelfth of the estimated annual real estate taxes, also known as property taxes, on the home you purchased.

These payments are put into an escrow account, and the lender will use the funds to pay your property taxes on your behalf when they are due.

5
Homeowners Insurance
Homeowner’s insurance protects both you and your lender from fire or flood, which damages the structure of the house. It also protects from a liability, such as an injury to a visitor to your home, in addition to damage to your personal property, such as your furniture, clothes or appliances.

Your mortgage payment will usually include one-twelfth of your annual homeowner’s insurance premium that will be put into an escrow account.

Just like your taxes, when your insurance is due, your lender will use the money from that account to pay your homeowner’s insurance on your behalf.

6
Mortgage Insurance
If your down payment is less than 20%, you will have to purchase private mortgage insurance, an added insurance policy that protects the lender if you are unable to pay your mortgage.

As with your taxes and homeowner’s insurance, one-twelfth of your annual mortgage insurance premium is included in your monthly payment and put into your escrow account. Your lender will use these funds to pay for your insurance on your behalf when it is due.

7
Homeowner’s Association Fees or Condominium Fees
Most neighborhoods and all condominiums have a homeowner’s association (HOA). HOAs provide service

THESE ARE SOME BOOKS WE HIGHLY RECOMMEND TO GET STATRTED ON YOUR JOURNEY TO HOME

OWNERSHIP. THE JOURNEY OF A MILE START EITH ONE STEP. IF MILLIONS OF AMERICANS OWN

THEIR VERY OWN HOME, THAN WHY NOT YOU (CLICK NOW — GET A BOOK THAT TELLS YOU STEP

BY STEP HOW TO PURCHASE YOUR DREAM HOME IN 2023————

Home Equity Loans: How to get the Best Home Equity Loan Deal

What you should you know about Home Equity Loans Credit

Home Equity Secrets

How to Own Your Home Years sooner and Retire Debt Free

What does it mean living in a Section 8?
The Housing Choice Voucher Program, also known as Section 8, is the federal government’s

program for assisting low-income families, the disabled, and the elderly afford housing.

Participants can choose housing that meets the requirements of the program and receive

housing vouchers to help with their rental costs.Jan 22, 2020

An Overview of Section 8 Housing Assistance – Benefits.govhttps://www.benefits.gov ›

What does it mean when someone is prospering?

: to succeed in an enterprise or activity. especially : to achieve economic success.

: to become strong and flourishing. transitive verb.

STEP 1: What makes a person prosper?

Thus, prosperity involves three things: Money: earned in a way that aligns with your

inner self and values. Happiness: which involves health, service, and other key relationships.

Sustainability: which is a method of making money that increases your health and well-being

or the long-term.

What is another word for prosper?

Prosper often implies success in terms of wealth, health, and happiness. But it can also be used

broadly, much like the words succeed, thrive, and flourish.

STEP 2: Why is it important to flourish and prosper?

It means you are able to have a good effect on people and things around you and you are

clearly doing well. Prosper means you do well at what you do. It also means you make a lot

of money so you can pay all your bills and have money left over to buy the things you need

and do the things you want to do.

STEP 3: What can help people prosper?

Here are seven common attitudes that lead to a way of life that makes it natural to prosper

financially and in every aspect of life:

Believe you can prosper.

Develop wisdom and understanding.

Set worthy goals.

Make your work count.

Be true to yourself.

Be generous.

Step 4

Here are 4 ways you can start recession-proofing your finances.

Pay down debt.

Build an emergency fund.

Live within your means.

Keep your credit score in check.

What thrives during a recession?

What businesses do well in a recession? Due to elasticity of demand, industries not impacted

by recession are usually in essential services, like health care, senior services, grocery

stores and maintenance such as plumbing and electrical.

Be grateful.

In summary.SPENDING LESS TO INVEST MORE

SHOULD YOU BUY 6 MONTHS TREASURIES

WHEN YOU CAN’T PRAY

WHEN YOU CAN’T PRAY DOLLY A. CALDWELL

AN AWESOME AMAZING INSPIRATIONAL BOOK

Identity Thief – ways to safe guard your credit and private information

Identity theft happens when someone obtains sensitive personal information, such as credit

card data or personal identification number to commit fraud or other crimes. With so many

services and product moving online, you may not remember every store you’ve shopped at or the

websites you’ve signed up in, but thieves and hackers can strike anywhere and at any time.

While no measures can guarantee protection against identity theft, there are ways you can take

to safeguard your information and have a strong line of defense. Here are some tips stated

by experts to prevent identity theft.

Keep track of your paper trail

If you prefer checking your ATM, credit card or gas station receipts on paper, then make sure

you destroy it after you’re done the checking. Shred credit cards statements, salary information

or documents that contain private financial information often.

Safeguard your Social Security number

Avoid carrying your social security card with your all the time, keep it in a secure place.

This is very secure information that identity thieves target first as it will give them access

to your credit report and bank accounts.

Watch your mail

Stolen mail is one of the easiest paths to a steal an identity. Use a locked mailbox or ask

a trusted source to fetch your mail held if you’re out of town. USPS also has an informed

delivery service which can give you a preview of your mail so you can tell if anything is

missing.

Track your bank and credit card statements

Check your account statements periodically to check if all purchases and credits are valid.

If you recognize irregularities in purchases that you didn’t make, contact your bank and cancel

your cards immediately. Also make sure you recognize the merchants, locations, and purchases

listed.

Be cautious when asked for personal information

Even if you’ve signed up for phone banking, ensure that you read through your bank’s

verification procedure and do not divulge any unnecessary information. If salespeople or sign

up sheets require information such as Social Security, driver’s license number, or any personal

identification, only reveal it if it is absolutely necessary.

Lock down your hardware

Since we use devices so often throughout the day, set up password protection for your phone, laptop,

tablet, and other devices, Even if you trust the people at home or at work, there are threats of

break-ins putting your data at risk. Downloading anti-malware apps and software is also good-to-have

as they can prevent criminals from stealing your data.

Social Media Safeguards

Secure your social media profiles (Facebook, Google, Dropbox, Apple ID, Microsoft, Twitter)

with two-factor authentication. That means that whenever you log in, you’ll need a code that the

site sends to your mobile phone along with your password to enter. Although it may seem

time-consuming, it is better to be safe than sorry.

While social media is a great tool to share things about your life, the more you share, the

easier it will be for someone to get their hands on your information. Keep your social

media profile as barren as possible and try not to divulge your birth date, email address,

and phone number.

WHEN DEBT VS CUTTING SPENDING–CREATING WEALTH YEAR 2023

DO I QUALIFY FOR STUDENT LOAN FORGIVINESS!!!!!!!!