Tag: cost of living

Protect Your Financial Future From The Slow Leak of Inflation

Have you ever been tempted to ignore a dripping faucet? Just a drop here and there doesn’t look like much, but leave it long enough and you’ve got water damage. Inflation works the same way.  Ignoring it is like letting a faucet drip in the basement—easy to overlook...

Is Inflation Still a Threat? The Surprising Truth Behind the Numbers

Just two years ago, inflation dominated economic discussions both in the media and at dinner tables. At its peak in June 2022, inflation soared to 9.1%, a figure that sent shockwaves through the economy and significantly dented President Biden’s approval ratings. By...

Why Don’t People Relocate for Lower Cost of Living?

A survey done earlier this year by Forbes Advisor found—drum roll—that people who live in states with a lower cost of living are able to save more than those who live in more expensive places. Make that an eye roll rather than a drum roll. While I love research that...

“The Economy is Bad–But Not For Me”

I recently came across a new survey of personal financial and economic views of Americans done in March of 2023 by NORC at the University of Chicago, funded by The Wall Street Journal. Here are some of the findings I thought were particularly notable. Most of us, a...

Cost of Living and Minimum Wage

President Biden’s coronavirus stimulus package has the intention of flooding the economy with money at a time when economic growth is sputtering. Ironically, it contains one provision likely to create exactly the opposite of what he intends: raising the national...