U.S. consumer confidence started to decline again in October, after witnessing two continuous months of strong growth. High inflation rates, caused by years of low borrowing rates and persistent supply shortages, are beginning to take a toll on American consumers, as the economy is in the midst of a recession. The Conference Board’s Consumer Confidence…
Consumer Confidence Resumes Downward Slide as US Inflation Fears Mount
Australia’s Inflation Jumps to 7.3 Percent, Highest Since 1990
October 26, 2022
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Australia’s annual inflation rate soared to 7.3 percent in the September quarter, which is the highest level since 1990 and has the potential consequence of prolonging the interest rate hiking cycle. During the quarter, inflation grew by 1.8 percent, on par with the growth from the previous three months. At the same time, underlying inflation,…
How Major US Stock Indexes Fared Wednesday Oct. 26, 2022
October 26, 2022
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Stock ended mixed on Wall Street as investors weighed the latest batch of earnings reports, including weak results from several heavyweight technology companies. The S&P 500 fell 0.7 percent Wednesday after shedding an early gain, and the tech-heavy Nasdaq fell 2 percent. The Dow ended just barely in the green, thanks in part to a…
Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 26)
October 26, 2022
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Benchmark U.S. crude oil for December delivery rose $2.59 to $87.91 a barrel Wednesday. Brent crude for December delivery rose $2.17 to $95.69 a barrel. Wholesale gasoline for November delivery fell 2 cents to $2.90 a gallon. November heating oil rose 15 cents to $4.12 a gallon. November natural gas was unchanged at $5.61 per…
Retirement: Is a CCRC Right for You?
By Lisa Gerstner From Kiplinger’s Personal Finance For many retirees who choose to live in a Continuing Care Retirement Community (CCRC), a driving factor is peace of mind that they’ll have adequate care for their future needs. CCRCs—also known as a life-plan community—allows retirees to shift from independent living to higher levels of care, such…
3 Inflation-Savvy Moves to Make Now
Inflation is proving to be a stubborn, unwanted houseguest. No one particularly likes paying more for food, fuel and other living costs. But so far, the Federal Reserve’s attempts since March to evict inflation with higher interest rates haven’t worked. Because we may be stuck with this unpleasant roommate for a while, we should consider…
How Not to Feel Poor on a Fixed Income
It’s no secret that more and more people — especially seniors on fixed incomes — are sinking deeper into credit card debt. Why is this? I don’t think it’s because we’ve had so many emergencies (the common reason to have credit cards, right?). It’s because we don’t want to feel poor. At this point, I…
9 Ways Millennials Can Prep for Retirement
Is it a surprise that we Millennials are scared of retirement? Not only did we survive the Great Recession and a once-in-a-lifetime pandemic, but we’re also buried under debt. Moreover, unlike previous generations, traditional pathways to wealth, such as homeownership, are increasingly out of reach. On top of that, we don’t have access to pensions…
Help! I’m Behind on Everything
Dear Dave: I need help. I am way behind on my basic utilities and my taxes. I have tried to start the Baby Steps, but everything is so overwhelming right now that it is easy to get discouraged. I am 33, I live in Los Angeles, and I average around $30,000 a year doing behind-the-scenes…
Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 25)
October 25, 2022
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Benchmark U.S. crude oil for December delivery rose 74 cents to $85.32 a barrel Tuesday. Brent crude for December delivery rose 26 cents to $93.52 a barrel. Wholesale gasoline for November delivery rose 19 cents to $2.92 a gallon. November heating oil rose 5 cents to $3.97 a gallon. November natural gas rose 41 cents…
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