Inflation has been a stressful reality for many Americans recently, having a marked impact on consumer budgets. But with inflation rates finally slowing, and the threat of a recession in the news, deflation is also a phenomenon many should prepare for.
Deflation, or a decline in prices of goods and services across the economy, might seem like good news after dealing with high prices for so long. However, the trend is typically accompanied by job loss, poor investment return and other side effects.