The Russia-Ukraine conflict is really bad news for your wallet

Why an overseas war has such a large impact on our economy

The end of June marks four months since Russia started their oppressive invasion of Ukraine. Since then, US financial markets have taken quite the beating and slipped into a bear market.

It seems like the world is in an unprecedentedly confusing space right now. With the US on the verge of recession, high inflation, and global supply shortages, many think that the perfect storm is brewing for an international shitshow.

Don’t be afraid! Educating yourself on the real economic ramifications of conflicts like these will help you be a more informed citizen, and aid you in making important financial decisions to put you ahead of the game.

The importance of the Russia-Ukraine war on our economy

Although it may seem like news companies chooses to shine the spotlight on one event at a time, the opposite is true for the economy. Economic movements are the result of a mixture of thousands of daily events.

This makes finding the economic impact of a single event like the Russia-Ukraine conflict more complicated than a single black-or-white outcome. In reality, we have to factor in other…