The most important aspects of our economy that impact our day-to-day lives are:
inflation rate: a high inflation rate reduces the purchasing power of the dollar, for example, we will need to spend more money to buy the same amount of groceries or clothes than a year before.
unemployment rate: unemployment rate affects everyone, not only those seeking jobs (unemployed). A high unemployment rate means that the economy is about to enter a recession which eventually will lead to a fall in consumption and that affects the whole economy. Every business is affected directly or indirectly by a recession.
interest rate: if I want to buy a new car or a house, a higher interest rate will make it much more difficult to repay the loan, i.e. the loan becomes more expensive.
