How Inflation Changes Retirement Savings Strategies
As you approach retirement, one of the most pressing concerns you may face is the impact of inflation on your savings. Inflation, the gradual increase in prices over time, can erode the purchasing power of your hard-earned money. This means that the amount you have saved may not stretch as far as you had anticipated […]
Americans Now Work 20 Days a Month Just to Cover the Basics
Money has never felt more fragile for American families. Even with inflation cooling from its pandemic-era highs, grocery prices, rent, and utility bills continue to stretch budgets thin. A new nationwide survey by Advance America, which polled 3,002 families, reveals that Americans work 20 days a month just to cover the essentials — highlighting how […]
Inflation Is the Silent Thief — How Much Is It Stealing From You
Inflation Is the Silent Thief: How Much Is It Stealing From You? Inflation is a term that frequently appears in economic discussions, yet many people may not fully grasp its implications. At its core, inflation refers to the rate at which the general level of prices for goods and services rises, leading to a decrease […]
Price Perception: Americans Feel Inflation Is Almost 3X the Reality, Reveals Study
Price Perception: Americans Feel Inflation Is Almost 3X the Reality, Reveals Study. Americans polled said they think inflation feels like 7.3%. Perceptions of inflation vary across the country. Infographic included. Why does everything seem so expensive these days? From gas to groceries to plane tickets, prices seem to keep climbing – even though recent data shows that inflation […]
As Cash Advance Apps Grow More Popular, Fees Rise Sharply
Summary: In a recent study by Overdraft Apps, the rising popularity of cash advance apps has been accompanied by a significant increase in associated costs over the past six months. The research reveals that the average cost of borrowing from the 17 most popular cash advance apps now stands at $19.08, marking a substantial 24% […]
High Inflation and The Rising Cost of Divorce
‘Til Debt Do Us Part: Inflation preventing thousands of American couples from being able to separate, reveals survey. Over half of singles would not get into a relationship with someone who has large debts. The average single said they would be deterred by a debt amount of $33k. 1 in 4 believe any debt incurred […]
15 Ways to Fight Inflation, Higher Interest Rates and a Recession
All across the country, Americans with financial concerns are worried about three big challenges: inflation, higher interest rates and the economic fallout from a recession. Although it’s easy to get caught up in news headlines like “The Federal Reserve Plans To Raise Rates Again,” it’s not a good for anyone’s wallet – or mental health – […]
How to Manage Your Finances with Inflation on the Rise
Over the past year, consumer prices have surged an astonishing 7% – the fastest pace in nearly four decades. Rising prices can be attributed to a thriving economy paired with ongoing supply chain snarls and 2021’s unexpected housing boom. Unfortunately, the sudden uptick has hit wallets hard, especially those in lower income brackets, despite growing […]