business (6)

Q2 GDP Revised to 3.1%, up 0.1%

The Department of Commerce revised second-quarter GDP growth by 0.1%, from 3.0% to 3.1%. The next-highest GDP growth rate hasn't occurred since Q3 2016 when the US posted a growth rate of 2.8%. 

GDP growth has been a major topic of discussion in both business and politics. Many believe that there's no reason that the US can't continue to post 3% or higher growth rates in the next few years. Others, however, believe that the days of significant GDP growth are over. 

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A concerning report from WalletHub says that US consumers will add more than $60 billion in credit card debt by the end of this year:

Are you concerned about the rise in credit card debt? How do you think this will affect our economy going forward? 

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The Business of Boxing - Mayweather vs. McGregor

Great video discussing the enormous financial aspect of the Mayweather/McGregor fight as well as boxing in general.

This link also outlines the incredible payout for both fighters.

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