Andrey_Popov / Shutterstock.com A new report from Moody’s Analytics highlights the pain that inflation is inflicting on us, month after month — and drops a number that puts the harsh reality in perspective. “The typical American household needs to spend $445 per month more to purchase the same goods and services as a year ago,” … Read more
Roschetzky Photography / Shutterstock.com After years of a red-hot housing market, something “inconceivable” now is happening, according to Realtor.com: Home prices are falling. Higher mortgage rates are tanking demand, as more buyers find themselves unable to afford today’s still-elevated home prices. As a result, prices are slipping more than would be expected during the normal … Read more
Billion Photos / Shutterstock.com Editor’s Note: This story comes from Wealthramp. The world of wealth management has always been rife with conflicts of interest. Brokers and insurance reps are in the business of selling investments to generate revenue for their firms, period. But even when they say they charge fees rather than commissions, and even … Read more
Prostock-studio / Shutterstock.com Editor’s Note: This story originally appeared on Living on the Cheap. We live in an on-demand generation when it comes to music entertainment. With so many streaming or downloadable options, those CD collections, stereo systems and portable radios are collecting dust and becoming outdated. Here are some ways to get your groove … Read more
As we get older, we tend to think we’re invincible. We’ve made it this far, so what could possibly go wrong? The fact is that no one’s perfect. Even the most successful people make dumb mistakes from time to time. No matter how much planning you do, there’s a good chance you’ll make some costly … Read more
Red Stock / Shutterstock.com The most difficult task in planning for retirement might be determining whether you have enough money to last throughout your golden years. Experts have a lot of theories about how much you need to save, but nobody really knows the answer. So, we all make an educated guess, then do what … Read more
Krakenimages.com / Shutterstock.com Like many other health insurance plans, Medicare is subject to change each year. Beneficiaries might see different premiums, deductibles and coverage levels each January. However, there will be more changes than usual in 2023, thanks to the passage of the Inflation Reduction Act of 2022. The federal law included a significant overhaul … Read more
If you have always wanted to try Walmart+, now is the time to sign up. Until Nov. 3 at 11:59 p.m. ET, you can get a Walmart+ annual membership for just $49, one-half the normal price. That’s like getting six months for free. If you’re not quite ready to commit to Walmart+, you can try … Read more
In a surprise to no one, the Federal Reserve voted on Nov. 2 to raise its target federal funds rate. The increase of 75 basis points (0.75 of a percentage point) is the sixth hike this year and the fourth-consecutive hike of that size. It puts the target federal funds rate in a range of … Read more
vesperstock / Shutterstock.com Ahead of the congressional midterm election on Nov. 8, Gallup has identified some key issues voters have on their minds. A new Gallup poll asked 1,009 American adults from across all 50 states and the District of Columbia to rate the importance of seven issues that could influence their vote this year. … Read more