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Author: Medora Lee, USA TODAY
Are annuities safe in a recession? Sales are surging, here’s what to know
Annuities sales surged in the second quarter as investors took advantage of higher interest rates and sought protection from market volatility,
Social Security may get 10.5% raise in 2023 as prices surge. But don’t party yet, some say.
With inflation at a 40-year high, social security could see a 10.5% cost-of-living adjustment in 2023, but even that may not bring much relief.
Red-hot inflation boosts talk of full-point rate hike, recession, stock drop, debt worries
Consumer prices accelerated 9.1% in June. This could mean a giant rate hike ahead and trouble for the economy, stocks and bonds, and consumer debt.
U.S. was banking on ‘revenge spending’ to keep economy afloat. But the demand is fading.
High gas prices are now slowing down services spending as consumers find it harder to travel, dine out and experience other things at any cost.
Seed money for college, starting in kindergarten. More cities roll out college savings plan
San Francisco started college funds for kindergarteners in 2011 to give kids a goal. Now, cities nationwide have followed, with Atlanta as the latest.
Elon Musk terminates deal to buy Twitter, board plans to sue.
Billionaire Elon Musk says he’s terminating his deal to buy Twitter because the company has failed to address his concerns over spam accounts.
Considering a crypto investment? Why current owners are ‘committed’ despite recent volatility
Crypto users remain optimistic despite the recent price plunge, according to a Morning Consult survey. They still like the future of digital assets.
Prices don’t drop when inflation eases. Why your wallet will be hurting for a while.
Consumers should get used to paying higher prices. If inflation eases, that just means prices aren’t rising as fast but they’re still rising.
Inflation hurts more if you’re Black or Hispanic, New York Fed study says
Soaring inflation is painful for everyone, but more so for Blacks and Hispanics, who tend to spend more in high inflation categories, a study says.