The layperson’s guide to understanding current economic jargon

by Amanda Harr, SWBC PersonalHUB

There’s been talk of recession brewing for months now. The term is coming up on the news, over dinner, and around the proverbial office water cooler.

As more and more snippets of fiscal jargon work their way into daily conversation, laypeople like you and I are suddenly expected to keep up with complex economic terms and concepts many Gen Zers have never been exposed to and the rest of us haven’t revisited since 2008, including:

  • Inflation and Consumer Price Index (CPI)
  • Real Wages
  • Real GDP
  • Recession

To help you keep conversational pace with the changes in the economy, we’ve put together a glossary of terms with brief explanations of how these factors are contributing to the current economic landscape.

 

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