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Economy, Personal Finance

“Amid persistent inflation, 54% of Americans are using savings to pay for everyday expenses”

February 17, 2023

“…Prices continued their upward momentum in January, rising 0.5% for the month and 6.4% over the past 12 months, according to the latest consumer price index data released by the U.S. Bureau of Labor Statistics. To make ends meet, 27% of Americans said… Continue Reading…

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Economy

“Car insurance rates are expected to rise 8.4% in 2023…”

February 17, 2023

“Car insurance costs are on the rise in 2023. According to personal finance website ValuePenguin, insurance rates across the US are expected to rise by 8.4%, bringing the total average premium for full coverage to $1,780 per year. Pricier cars… Continue Reading…

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Business, Economy

“British semiconductor bosses threaten to move overseas as U.S. and EU splurge on chips”

February 13, 2023

“The U.K.’s semiconductor industry is crying out for financial support from the government, with insiders warning the country risks losing its microchip firms to the U.S. and other countries if it doesn’t act soon… Pragmatic Semiconductor, a Cambridge, England-based startup… Continue Reading…

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Economy

“The hidden price of eggs: How high costs may trickle into other foods”

February 10, 2023

“Consumers are paying record prices for eggs. Beyond the sticker price for a dozen eggs, there’s also a hidden expense to the soaring costs. Elevated egg prices are trickling into food items across the grocery store — namely those in… Continue Reading…

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Economy

“Huge chunk of plants, animals in U.S. at risk of extinction -report”

February 6, 2023

“A leading conservation research group found that 40% of animals and 34% of plants in the United States are at risk of extinction, while 41% of ecosystems are facing collapse. Everything from crayfish and cacti to freshwater mussels and iconic… Continue Reading…

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Economy

“U.S. credit card debt jumps 18.5% and hits a record $930.6 billion”

February 3, 2023

“On the heels of another rate hike this week by the Federal Reserve, credit card annual percentage rates are already near 20%, on average, and set to climb even higher. At the same time, more consumers are leaning on credit to afford increasingly expensive… Continue Reading…

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Economy

“Annuity [Insurance] sales hit record last year, eclipsing sales during 2008 financial crisis amid fear, higher rates”

February 3, 2023

“Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers a guaranteed income stream. Buyers funneled $310.6 billion into annuities in 2022, according to estimates published… Continue Reading…

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Economy

“160,138,000: Record Number of Employed in January”

February 3, 2023

“The Labor Department’s Bureau of Labor Statistics says a whopping 517,000 non-farm jobs were created in January, way above estimates of 183,000. “Job growth was widespread, led by gains in leisure and hospitality (+128,000), professional and business services (+82,000), and… Continue Reading…

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Economy

“Parents pay at least one monthly bill for 40 percent of millennials”

February 2, 2023

“In a new survey, two-fifths of millennials say their parents still pick up one or more of their monthly bills.  And the most common parental subsidy is the largest: housing. Twenty-four percent of millennials say Mom or Dad pay their… Continue Reading…

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Banking, Economy

“The Trillion-Dollar Question: Could a Coin Save the Day?”

February 2, 2023

“The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could minting a $1 trillion platinum coin make the whole problem go away? What was… Continue Reading…

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