Tag: Inflation

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Interest Rate: Expect a spike in 2022

Interest rates are expected to rise this year, and it will impact things like credit cards or mortgage rates. In March a meeting will determine whether interest rates will need to rise in 2022. CME Group’s FedWatch Tool has determined the probability ... MORE
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Inflation: 7% increase in December

In the last 7 months, inflation surpassed 5%, and for the month of December it has reached 7%. Many believe part of the issue is all of the stimulus payments and breaks the Biden administration has given out. The cost of goods ... MORE
Inflation, News
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5 increases that could lower COLA increase for Social Security payments

Social Security recipients are getting bigger payments, but they may be lowered thanks to certain price increases. Americans who collect Social Security are excited to hear that they’ll be getting a bigger check next month thanks to a COLA increase. The average ... MORE
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There may be some huge bills that will surprise you in 2022, here’s how to prepare

The American Rescue Act created a lot of programs and opportunity for struggling Americans to catch a break during a global pandemic. Some of these breaks included advanced monthly payments of the child tax credit, emergency food stamps, untaxed unemployment benefits, and ... MORE
Inflation, News
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How will inflation impact Americans lives? One area is with employment

As inflation continues to rise, federal officials foresee three interest rates rising for the year 2022. Nov. saw a new high of a 6.8% inflation rate. The good news is though, that experts seems to think the 2022 inflation rate may drop ... MORE
Inflation, News
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Supply chain issues: First chicken wings, now chicken tenders

Throughout the last year, we have seen shortages in various goods and services due to supply chain issues caused by COVID-19. The most recent one could be chicken tenders. Chicken tenders take more time and energy to process and package compared to ... MORE
Inflation, News
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Biden’s Build Back Better Act: Will inflation flatten or keep rising after bipartisan infrastructure bill signed into law?

This week President Joe Biden signed a bipartisan $1 trillion infrastructure bill into law. The Build Back Better Act is a victory for Democrats as billions gets spent on roads, ports, and power lines. The original goal of the infrastructure bill was ... MORE
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What’s going on with inflation?

Everything has become more expensive; gas, groceries, and utilities. Inflation is happening for many reasons, and it’s trickled to the bottom. Now everything people need has become more expensive. Inflation is normal, but what’s not normal is when the cost of goods ... MORE
Inflation, News
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Inflation hits all time high after 30 years

Supply chain disruptions have continued, resulting in the levels of inflation remaining high. In Oct. they hit an all time high, jumping by .9% after jumping .4% in Sept. After increasing to 5.4% from Sept. of 2020 to Sept. of 2021, the ... MORE
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Inflation isn’t going away anytime soon, here are 4 ways to protect yourself financially

The government shared data today that shows inflation is just going to continue. The consumer price index measures how much things cost in comparison to the previous year. This year’s data shows the cost of goods jumped 6.2% from October 2020 to ... MORE
Inflation, News
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Republicans introduce Inflation Relief and Consumer Assistance Plan in response to prices rising

New Yorkers continue to deal with inflation with no end in sight. In response, Assembly Republicans will be suspending state sales tax on a range of goods and services to help offset the costs. According to data released last month by the ... MORE