Book Review: In This Economy? by Kyla Scanlon

In This Economy?: How Money & Markets Really Work by Kyla Scanlon aims to make complex financial concepts accessible to the everyday reader.

With her signature blend of wit and expertise, Scanlon breaks down economic forces, offering readers valuable insights into the financial systems that shape their lives.

Who is Kyla Scanlon?

Kyla Scanlon is a financial educator, writer, and content creator known for her engaging explanations of economic topics on social media. With a background in finance and a knack for simplifying complex concepts, she has built a strong following through her online presence and newsletter.

Scanlon’s work focuses on bridging the gap between economic theory and real-world financial decisions, making her an authoritative voice for those seeking to understand personal finance, financial markets, and economic trends.

Lessons from the Book

Understanding Inflation and Interest Rates: Scanlon explains how inflation affects purchasing power and why interest rates matter for borrowers and investors alike.

The Power of Long-Term Investing: In This Economy? reinforces the value of investing in broad-market index funds like the S&P 500.

How Behavioral Economics Influences Spending: Scanlon explores how human psychology impacts financial decision-making, from impulse purchases to long-term savings habits.

The Role of the Federal Reserve: Many readers may not fully grasp how central banking policies affect their daily financial lives, but Scanlon breaks it down in an easily digestible way.

What In This Economy? Isn’t

Deep Investment Strategies: The book offers a solid foundation but does not delve deeply into advanced investing strategies for those looking to maximize returns beyond index funds. But if you’re a beginner, that’s fine.

Formal and bland: While this makes the book engaging, some readers may find the writing style too informal for a finance book.

A Personal Budgeting Book: Although it covers economic principles, In This Economy? does not offer as much practical guidance on personal budgeting or debt management as some readers might expect from a finance book.

Final Thoughts

In This Economy? by Kyla Scanlon is a timely and engaging read for anyone looking to better understand how money and markets function. While it may not offer deep investment strategies or detailed budgeting advice, it succeeds in making economic concepts accessible and relevant. For readers new to personal finance, this book serves as a great starting point to build financial literacy.

If you’re looking for an easy-to-read book that breaks down big financial ideas, In This Economy? is worth adding to your reading list.