What to know if you unretire

Kelvin Murray | Getty Images A combination of record high prices and a record number of job openings has been encouraging more retirees to go back to work. The trend, called “unretirement,” rebounded this spring to pre-pandemic levels. About two-thirds, or 68%, of retirees would consider returning to work, according to a recent CNBC All-America … Read more

How to Recession-Proof Your Life Amid Economic Uncertainty

By ADRIANA MORGA and CORA LEWIS, The Associated Press NEW YORK (AP) — Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The US economy has shrunk for two straight quarters. Economists are divided over whether a recession is looming. What’s clear is … Read more

As inflation in Argentina skyrockets, everyone is poorer | Business and Economy News

Buenos Aires, Argentina — After Ivana Roa lost her job a few years ago as a manager at an energy company, she went back to school to study law and economics with the aim of building a new career and income. But those hopes are dwindling fast as a deepening economic crisis is breaking thirty-year … Read more

Yelp Reviews Show Growing Concern Over Inflation and Reduced Spending

HAYOUNG JEON / EPA-EFE / Shutterstock.com Yelp reviews are showing some interesting trends concerning consumer spending habits for the first half of 2022, according to a press release published via BusinessWire. See: The Minimum Salary You Need To Be Happy in Every StateFind: Looking To Diversify In A Bear Market? Consider These 6 Alternative Investments … Read more

Here’s a simple way to see how inflation erodes your long-term savings

Sean Gladwell | Moment | Getty Images Inflation is at a 40-year high. That means consumers are losing buying power at a faster-than-usual pace. Just how quickly is inflation eating away at your savings? The so-called rule of 72 can help gauge its long-term impact. This rule of thumb is generally applied to investment returns. … Read more

Strategist discusses getting a mortgage when rates are rising

Historic row houses in Columbia Heights neighborhood of Washington, DC amedved | iStock | Getty Images One strategist has told CNBC why she thinks it’s still a “relatively good environment” to borrow money, including mortgages, despite rising interest rates. Kristina Hooper, chief global market strategist at Invesco, told CNBC’s “Squawk Box Europe” on Friday that … Read more

Here’s what the Fed’s highest rate hike in 28 years means for you

The Federal Reserve raised its target federal funds rate by three-quarters of a point, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday in an effort to quell runaway inflation. “The motivation for all of this is that prices are going up,” said Chester Spatt, a professor of finance … Read more

Inflation Calculator: See How Much Inflation Is Costing You | Family Finance

Rising prices are touching nearly every sector of the economy as the US continues to face rising inflation, but the negative effects of this moderately high inflationary environment on consumers are uneven. This inflation calculator helps users understand how prices are changing (2022 data is through April 30): What Is Inflation? Inflation is the loss … Read more

Inflation could mean a big Social Security cost-of-living adjustment in 2023

Sporrer/Rupp | Image Source | Getty Images Social Security beneficiaries started 2022 with a 5.9% cost-of-living adjustment to their monthly checks, the highest increase in about 40 years. But as inflation climbs with each month, the buying power of those benefit increases has diminished. The Consumer Price Index for all Urban Consumers, or CPI-U, rose … Read more

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