Here's What You Should Know About Deflation
Source: American Express
The main economic worry the U.S. economy is now facing is deflation. And while the impact of such an environment on small business may not be readily evident, this paper explains what every small business owner should know about a deflationary economy. Deflation starts with a reduction in the value of assets. That start, in this deflationary period's case, is with home and further real estate prices. This is likely something that, as an individual, you have either experienced or felt first hand. With all that loss in value of property, individuals have now become more concerned about paying down their debts.