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Read MoreDetermining How Today’s Inflation Impacts Your Retirement Ongoing Needs Tomorrow
With prices rising at a record rate, many retirees or people planning to retire soon may be increasingly worried about what sort of lifestyle they can afford. The good news is that the headline inflation number of 9.1% from the Bureau of Labor Statistics represents an average rise in consumer prices. Your own inflation rate may be different…
Read MoreWhy is inflation so high? An economist explains why everyday essentials cost more
Select spoke to an economist about what’s causing the high prices we’ve been experiencing lately. As prices continue to increase across a broad range of spending categories, many Americans are finding that their paychecks aren’t going as far as they used to. That’s probably because in June, the year-over-year inflation rate, as measured by the…
Read MoreDimon Warns of US Economic ‘Hurricane’
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., described the challenges facing the U.S. economy akin to an “hurricane” down the road and urged the Federal Reserve to take forceful measures to avoid tipping the world’s biggest economy into a recession. Dimon’s comments come a day after President Jo Biden met…
Read MoreTucker Carlson Tonight’ host exposes what caused inflation to hit a 39-year high
Watch Tucker Carlson from Fox News discuss the economics of inflation and how we Americans are getting poorer. “But there is one core economic fact that everybody, even those of us with poor math skills, grasps instantly, and that’s when we’re getting poorer. How do you know when you’re getting poor? You know you’re getting…
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