Étiquette : personal finance

  • Thinking about buying a car? Here’s what experts say you need to know

    Thinking about buying a car?  Here’s what experts say you need to know

    A customer is shown a 2022 Toyota Prius at Longo Toyota in El Monte, CA on Wednesday, March 23, 2022. Medianews Group | Orange County Register via Getty Images People spend a lot of money on their cars and trucks. In fact, about 16% of the average American’s total budget goes to transportation, including vehicle […]

  • These unusual indicators may be worth monitoring

    These unusual indicators may be worth monitoring

    The completion of the world’s tallest buildings is said to be one less conventional indicator of an economic downturn. Pictured here on April 3, 2022, is the Merdeka 118 tower in Malaysia, which was completed at the end of the 2021 and is said to be the world’s second tallest skyscraper. Sopa Pictures | light […]

  • Here are the signs the job market is hot for workers

    Here are the signs the job market is hot for workers

    A « Now Hiring » advertisement in a store window in Bay Shore, New York, on March 24, 2022. Steve Pfost/Newsday RM via Getty Images Claims for unemployment insurance last week fell to their lowest level in more than 50 years — yet another sign workers are reaping the benefits of a hot labor market. Americans filed […]

  • How much more expensive groceries are due to inflation, item by item

    How much more expensive groceries are due to inflation, item by item

    The cost of groceries keeps rising, and it looks like it’s going to stay that way. Food-at-home prices are expected to increase between 3% and 4% by the end of 2022, according to a recent US Department of Agriculture forecast. This is in addition to the inflated prices you’ve likely noticed already: Grocery prices were […]

  • Inflation fears force Americans to rethink financial choices: Survey

    Inflation fears force Americans to rethink financial choices: Survey

    Robyn Beck | dpa | Getty Images Surging inflation has Americans reconsidering how they spend their money. The Consumer Price Index, which measures a wide-ranging basket of goods and services, jumped 7.9% in February from 12 months prior. Prices are going up on everything from the food you put on the table to the gas […]

  • Millennials Are Behind Other Generations in Saving for Retirement

    Millennials Are Behind Other Generations in Saving for Retirement

    Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. The cards seem to be stacked against millennials when it comes to making the most of […]

  • Social Security retirement age reaches 67. Some say it may go higher

    Social Security retirement age reaches 67. Some say it may go higher

    Many Americans eagerly look forward to a time when they can stop working and officially set their status to « retired. » But when asked what age they anticipate that could be, there isn’t a consensus. The average age when people say they hope to retire is 62, according to one survey. That is also the age […]

  • Employers are hiring again — but which ones are paying wages that keep up with inflation, and which aren’t?

    Employers are hiring again — but which ones are paying wages that keep up with inflation, and which aren’t?

    Inflation is hot just like the job market, but the March jobs report showed there aren’t a lot of jobs where wage growth is standing up to heated prices. That is, with some exceptions — which may hint a lot about where consumer demand is going as pandemic concerns fade. In a healthy-looking jobs report […]

  • Saving for retirement is top financial priority for just 17% of adults

    Saving for retirement is top financial priority for just 17% of adults

    Monthirayodtiwong | Istock | Getty Images Saving for retirement appears to be taking a backseat to other financial considerations for many Americans right now. Just 17% have made saving for their post-working years their top financial priority for 2022, according to First National Bank of Omaha’s latest financial wellness survey. This is despite 59% of […]

  • The Fed may get more aggressive to fight inflation. How to prepare

    The Fed may get more aggressive to fight inflation.  How to prepare

    For most Americans, the surging cost of living is weighing heavily on their wallets. « Wage growth has failed to match the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy enemy No. 1,’ » said Mark Hamrick, senior economic analyst at Bankrate.com. After the Fed raised interest rates for the […]