November 1, 2022
“…Some 72.5 million households or 40% of households will pay no federal income tax this year, down from the pre-pandemic high of 60% two years ago, according to new estimates from the Tax Policy Center. In 2021, nearly 56% of… Continue Reading…
October 24, 2022
“The ongoing spread of bird flu will likely affect the price and availability of turkeys this Thanksgiving. Right now the price per pound of an 8 to 16 pound turkey is $1.99, up from $1.15 last year, according to USDA data. This is a 73% increase…… Continue Reading…
October 19, 2022
“…As inflation pressures continue, two-thirds of working adults said they are worse off financially than they were a year ago, according to a recent report by Salary Finance. To make ends meet, many are dipping into their cash reserves or going into debt.… Continue Reading…
October 14, 2022
“…The average for a 30-year, fixed loan climbed to 6.92% from 6.66% last week, Freddie Mac said in a statement Thursday… Mortgage rates have been pushing toward 7% in recent weeks. Other measures have signaled that borrowing costs have crossed… Continue Reading…
September 26, 2022
“…According to a recent survey conducted by Bankrate, two out of five (40%) survey respondents said inflation will change the way they shop for the holidays this year. Recent results from the U.S. Bureau of Labor Statistics’ Consumer Price Index Summary also showed… Continue Reading…
September 14, 2022
“…“The 30-year fixed mortgage rate hit the 6% mark for the first time since 2008 – rising to 6.01% – which is essentially double what it was a year ago,” said Joel Kan, MBA’s associate vice president of economic and… Continue Reading…
September 13, 2022
“…The Consumer Price Index (CPI) in August reflected an 8.3% increase over last year and a 0.1% increase over the prior month, the Bureau of Labor Statistics reported Tuesday. Economists had expected prices to rise 8.1% over last year and fall 0.1%… Continue Reading…
July 22, 2022
“The FBI says 244 investors in under a year have been scammed out of around $42.7 million through fraudulent mobile applications that claim to be legitimate cryptocurrency investment platforms. According to a new warning from the FBI, cyber criminals are attempting to… Continue Reading…
July 21, 2022
“EDITOR’S NOTE: The big debate playing out on mainstream financial media these days is whether we’re going to see a steady slowdown (aka, a “soft landing”) or a recession. It’s starting to seem that the closer we get to the… Continue Reading…
July 14, 2022
“EDITOR’S NOTE: It’s a new set of generations experiencing what Silent Gen folks and Baby Boomers had to endure in the 1970s: Americans losing so much purchasing power in a given year. Theirs lasted a decade, while ours is just over… Continue Reading…
Recent Comments