In a recent survey, the US ranked lower than Switzerland, South Korea, Norway, Iceland, France and Israel in terms of the amount of money spent on standard grocery shopping, MarketWatch reports. American consumers have recently been hit hard by the impact of inflation. Total costs in…
Many Americans may prefer to keep the US out of the conflict between Russia and Ukraine, brewing violence and political fallout already hitting their wallets, CBS reports. Gasoline prices, which have reached an eight-year high, could rise even more if military action...
In December, inflation grew at the fastest pace in nearly four decades. The rapid rise in prices has heightened consumer fears about the economy and led to a drop in President Biden's approval rating, Fox Business reported. The consumer price index in December grew by 7% on ...
Like last year, food prices are expected to continue to rise in 2022, especially in some positions, according to EatThis, NotThat! Although food prices remained relatively flat before the pandemic (between 2015 and 2019), there are now problems with the ...
Retirees received seemingly good news recently when the Social Security Administration announced that it had raised pensions due to the cost of living adjustment (COLA) in 2022 by 5,9%. But why this is not happy, MSN explained. This is the largest increase in four decades, and ...
The US Department of Labor announced that inflation was at its fastest pace since 1982. This put pressure on the economic recovery and raised rates for the Federal Reserve. More details about this were reported by CNBC. A consumer price index that measures the value of a variety of ...
8 things that cost less today than they did 20 years ago, according to NBC. Inflation hit a 30-year high in 2021 largely due to the pandemic, which caused supply chain problems and a surge in consumer demand. But not everything today is much more expensive than ...
Social security recipients will be given a 5,9% increase, but price increases will negate those compensations, CNN reports. Social Security recipients will receive an annual cost of living adjustment of 5,9% next year, the largest increase since 1982, ...
According to the former director of the US Mint, the trillion dollar coin could be minted within hours of an emergency decision, Business Insider reports. According to the former director, the US Mint may issue a $ 1 trillion coin in ...
The Adjusted Cost of Living in the United States (COLA) could rise dramatically in 2022. This will lead to a tangible increase in social benefits, according to AARP. Due to rising inflation, the cost-of-living in the United States may grow by the largest rate in the last 40 years. And the beneficiaries ...