Inflation
Inflation calculator: Earmarks return in omnibus spending bill as Americans prepare for recession
Inflation will soar even higher after President Joe Biden signed lawmakers Omnibus spending bill into law this week. Lawmakers closed the earmark loophole during President Barrack Obama's administration. Earmarks gave lawmakers the ability to fund ... more
COLA: Increase for 2023 may be 3.9%
In 2022 the COLA increase was 5.9%, the highest in almost 40 years, but what might it be for 2023? That depends on inflation. The rate of inflation rose at a rapid rate in 2021, ... more
Interest: Federal interest rate increases .50%
Homeowners should soon expect a higher repayment as interest rates rise for the first time in three years, bringing them to .25%-.50%. The rate will likely hit 1.9% by the end of 2022. It's expected ... more
Why inflation is happening: Reasons prices are rising in 2022
Inflation is a rise in the prices of goods and services over time. In other words, it represents a decrease in the purchasing power of money. Inflation happens when there is more demand for goods ... more
Inflation is costing American household budgets $296 more a month
Inflation is costing the average U.S. household an additional $296 per month. Moody’s Analytics analysis based this figure on the latest reading on consumer prices. Consumer prices rose 7.9% in February, compared with a year ... more
Inflation is rising and its affecting millions of Americans
People are experiencing higher prices at the gas pump, grocery store, and even in their utility bills. Inflation is starting to become an issue for Americans across the US. IRS: Tax refunds are smaller than ... more
Mortgage: Lock rates increase for February
As inflation continues to plague the nation, it's not impacting all of the housing markets and increasing mortgage and rental rates. People who have purchased homes are locking their mortgage rates at a higher rate ... more
Upstate New York concerned about economy as inflation pushes gas, food prices higher
Economic recovery in Upstate New York? As inflation hits all-time highs, the latest measurements of economic confidence show a gap between New Yorkers. New Yorkers feel a little better about the economy than they did ... more
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 ... more
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 ... more
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 ... more
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, ... more
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 ... more
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 ... more
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 ... more
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 ... more
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 ... more
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 ... more
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 ... more
