Groceries, gas, and heating bills have gone up. As inflation grows, more consumers rely on credit cards to bridge the gap between income and expenses. “It is the combination of inflation and an overall cost of living, which includes housing, that is driving people to lean more frequently on open lines of credit,” Bruce McClary,…
Consumers Dig Deeper in Debt as Inflation Prompts Credit Card Use for Daily Expenses
Job Plus a Side Gig? Avoid These Mistakes
At the beginning of the year, many people have their eyes set on goals. Some of these goals may include increasing your income, starting a dream business, or both if you’re reaching for the stars. Before you get your hands dirty in the sometimes chaotic combination of formal employment and entrepreneurship, here are a few…
Australians Set to Work Longer and Earn Less in the Future: Productivity Commission
Australians will need to improve productivity levels if better standards of living are to be achieved, says Federal Treasurer Jim Chalmers. The Labor treasurer predicts Australians will work two extra hours in the future while earning 40 percent less if the country fails to lift its game. In a speech to the Committee for Economic…
Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 16)
Benchmark U.S. crude oil for April delivery rose 74 cents to $68.35 a barrel Thursday. Brent crude for May delivery rose $1.01 to $74.70 a barrel. Wholesale gasoline for April delivery rose 6 cents to $2.50 a gallon. April heating oil rose 4 cents to $2.64 a gallon. April natural gas rose 7 cents to…
27 Drugs Will Be Cheaper for Medicare Recipients From April
Some beneficiaries of Medicare could start paying less for 27 prescription drugs from next month as their prices have exceeded the rate of inflation. “Today, the Department of Health and Human Services [HHS], through the Centers for Medicare & Medicaid Services (CMS), announced 27 prescription drugs for which Part B beneficiary coinsurances may be lower…
Fed Announces Launch of ‘FedNow’ Real-Time Payment System, Sparking Debate
The Federal Reserve has announced a timeline for the launch of its long-awaited FedNow payment service that will let banks offer customers instantly available funds and execute real-time payments, with critics flagging concerns like lack of cross-border payment processing and raising questions about surveillance. The Fed announced on Wednesday that it will begin formal certification…
Find a Bank Account With a Better Yield
By Emma Patch From Kiplinger’s Personal Finance When interest rates rise—as they have over the past year—the outlook for savers improves. But where you keep your cash matters. Shopping around for a higher annual percentage yield (APY) on your savings or checking account can pay off. If you switch from a savings account yielding 0.01…
Change Is Nothing New to Social Security
I continually remind my readers that they shouldn’t worry too much when they read or hear reports of Social Security’s imminent collapse. Once Congress works up the nerve to deal with the issue (and once the American people accept the fact that the program needs reform), they will get around to passing amendments to the…
My Life as a Frog
I have been told if you attempt to pop a frog into a pot of boiling water, he’ll jump out every time. But if you put the little fellow into a pot of cold water, set it on a low flame, and warm it slowly, he’ll sit back, relax and let you cook him to…
Closing Prices for Crude Oil, Gold and Other Commodities (Mar. 15)
Benchmark U.S. crude oil for April delivery fell $3.72 to $67.61 a barrel Wednesday. Brent crude for May delivery fell $3.76 to $73.69 a barrel. Wholesale gasoline for April delivery fell 11 cents to $2.44 a gallon. April heating oil fell 11 cents to $2.60 a gallon. April natural gas fell 13 cents to $2.44…
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