Why is the 50-20-30 rule easy for people to follow, especially those who are new to budgeting and saving?

The 50/30/20 guideline is used to keep your spending within a certain goal. This helps people who are new to budgeting because it is a simple rule to follow but also benefits them in the long run. You can then customize the rule to fit your personal life. I don't know much more about it but I hope this helps.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.