Money & The Economy
News on Finance, Money, markets and the economy
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4 In 10 U.S. Workers Considering A Job Change In The Second Half Of 2022
Money is the top motivator for making a move, Robert Half research showsMore than half of professionals considering a change plan to…
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Americans Have Less Than Half of Recommended Retirement Savings
The median amount Americans have saved for retirement is only $71,500, with baby boomers having just 39% of the recommended savings.…
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Bidenomics: Foreclosures Up 185% Over Last Year
A new report shows there were a total of 30,881 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank…
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An Easy-to-understand Explanation for High Inflation and How to Fix It
Inflation has soared to a 40-year high, reaching 8.6 percent last month. While economists and government officials have given numerous…
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Getting Worse: Grocery Store Prices to Skyrocket Even Higher
Food prices in the U.S. may get worse in the coming months as European Union countries predict a dismal wheat…
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Inflation Soars to 8.6%. The Worst is Yet to Come.
The Bureau of Labor Statistics just released the Consumer Price Index (CPI) for May. Consumer prices increased a whopping 1%. That raises…
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CNBC’s Rick Santelli Flies Off the Handle, Hammers Biden’s Inflationary Energy Policies
CNBC editor Rick Santelli unloaded on the Biden administration on CNBC’s “Squawk Box” Friday morning, saying anti-fossil fuel policies helped…
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SCORCHING: Inflation Hits New High at 8.6% in May, Worse than Expected
Americans feeling like their money didn’t go far in May weren’t just imagining it as inflation pushed higher than economists…
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Shrinkflation: Products You’re Buying Are Getting Smaller—Even Though Prices Are Not
The rise in consumer prices has rightly received a great deal of attention, as inflation hovers around 40-year highs. Everyone…
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Money Matters More than Time to Working Adults
Data reveals the expectations employees have of wages and raises amid inflation A new survey reveals thoughts on the reality…
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New-Vehicle Prices Flirt with Record High in May
New-vehicle buyers are in an “over sticker” market, paying well above MSRP every month this yearWith low inventory and high…
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U.S. Mortgage Lending Plummets as Recession Looms
Residential Lending Activity Down Annually by 32 PercentFastest Decline in Eight YearsNumber of New Loans Decreases for Fourth Straight QuarterRefinance…
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Massive Oil Refinery On Track To Shut Down Amid Fuel Supply Shortages, Record Prices
A key Texas petroleum refinery that produces more than 200,000 barrels of fuel per day is facing a premature shutdown…
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World Bank Issues Dire Economic Warning, Hints At 1970s-Era Stagflation
The World Bank cut its global growth forecast Tuesday and warned that the world economy could enter a period of…
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Food Production Costs Skyrocket Pushing Grocery Bills Even Higher
Farmers are becoming increasingly pessimistic about their current situation and what’s to come. The Purdue University/CME Group Ag Economy Barometer sentiment dropped…
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