RikidyBones
Formerly utvols88
- Joined
- Aug 23, 2009
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U.S. companies just had their best year since before most of us were born
For all of 2021, pre-tax profits climbed 25% to about $2.8 trillion, another record that far outpaces the 7% increase in consumer prices over the same time span. That burst powered non-financial U.S. companies to their most profitable year since 1950, according to Bloomberg News. In every quarter of 2021, the overall profit margin remained above 13%, an altitude hit in only one other quarter during the last seven decades.
