Certain Industries Are Beating Inflation

Barrels of digital ink have been spilled bemoaning record US inflation, which stands at 8.3%, and has been as high as 8.5% in 2022, which is a 40-year record. There’s good reason for the sour sentiment. Due to rising inflation, major economic metrics like consumer sentiment, manufacturing indexes, and small business confidence have largely taken … Read more

High inflation has many Americans tweaking their holiday travel plans

D3sign | moment | Getty Images Travelers are shifting their holiday getaway plans to avoid busting their budgets amid high inflation, according to a new Bankrate survey. Forty-three percent of US adults are planning to take overnight leisure trips between Thanksgiving and New Year’s; of them, 79% are adapting to rising prices for travel in … Read more

How to Talk to Your Clients About Inflation

As advisors—and investors—we are going through tough economic times right now. The stock market is tanking, inflation remains high, and interest rates are increasing. It’s a tough job to tell clients to stay the course when their savings has crashed, it costs more to live, and borrowing has become expensive. Clients are somewhat used to … Read more

‘They’re just as healthy—and cheaper than fresh’

1. Berries Use it for: baked desserts, smoothies, yogurt toppings, breakfast bowls Berries, such as blueberries, raspberries, strawberries and blackberries, are one of nature’s best sources of antioxidants. Studies show that antioxidant levels in berries remain stable long after they’re frozen. Some of the best stores to find frozen berries at a bargain include Trader … Read more

Interac now has mellow music for the inflation-weary

Interac has created a soundtrack designed to make people feel calmer and to give them a higher level of satisfaction with their purchases.Fred Lum/the Globe and Mail With inflation on the rise for more than a year, we’re near to exhausting our ability to findInterac says the soundtrack is designed to promote mindful shopping by … Read more

Here are Q4 strategies from advisors amid rate hikes and high inflation

Ridofranz | Istock | Getty Images It’s been a nerve-wracking year for investors. With ongoing stock market volatility, high inflation and interest rate hikes, many wonder if we’re heading for a prolonged economic downturn. “I think we have to be defensive,” said certified financial planner Ivory Johnson, founder of Delancey Wealth Management in Washington, DC … Read more

Want to gamble your savings on a quick collapse in inflation?

Inflation is running at 8% or higher, depending on how you count it (and who’s counting). The Federal Reserve is clearly panicking. And the markets are clearly panicking too. So at this point, Uncle Sam would like to offer you a bet. How would you like to wager your hard-earned retirement savings that inflation is … Read more

Weekend reads: How to manage your finances when inflation is high and interest rates keeping shooting up

Financial markets have reacted in shock to the Federal Reserve’s strengthened vow to continue tightening of monetary policy to fight high inflation. The S&P 500 has declined 10.5% over the past month and the average interest rate on a 30-year mortgage loan has increased to 6.29% from 6.02% in only one week, according to Freddie … Read more

Some millennials, Gen Zers are closing investing accounts about inflation

It’s been a rough year for the stock market, and some consumers are closing investment accounts due to inflation and volatility concerns, according to a recent survey from Ally Financial. As investors brace for another major interest rate hike from the Federal Reserve, inflation is still hovering near a 40-year high and the S&P 500 … Read more

How high inflation may affect which tax bracket you’re in next year

Jamie Grill | Getty Images As Americans grapple with soaring prices, experts say it’s likely we’ll see higher-than-usual inflation adjustments from the IRS for 2023 — covering tax brackets, 401(k) plan contribution limits and more. Built into the tax code, these yearly IRS changes aim to prevent so-called “bracket creep,” when inflation bumps up income … Read more