Tanya Ghahremani, associate lifestyle editor for Bustle, takes a look at just how much money skaters and their families shell out in pursuit of an almost impossible dream. The Winter Olympics are now underway in PyeongChang, South Korea.
Ghahremani explains that even for a low-level skater, the annual cost can rise up to $30,000. Skate boots, costumes, training, and more, all add up.
Ghahremani also touches on the controversy surrounding the U.S. flag bearer for the opening ceremony. The team selected luger Erin Hamlin, but speed skater Shani Davis tweeted his displeasure with the decision, saying he'll wait for 2022.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
