Personal Savings Declined – How to Increase Your Savings in a Recession

With the red flags still going on, that’s a big deal. Americans’ personal savings plummeted this year, To reach $629 billion in the second quarter of 2022According to the Federal Reserve Bank of St. Louis. That’s down from $1.98 trillion in the second quarter of 2021, and $4.85 trillion in the second quarter of 2020, … Read more

“We will not live beyond our money”: How do we give $10,000 to our nephews and nephews without offending the rest of the family?

My husband and I knew we had collected a large enough nest egg and would not live beyond our money. We have always intended to recognize our nephews and nephews in our will with a modest gift ($10,000 or less). However, we hope to have many more years left. Most of our nephews and nephews … Read more

Opinion: The Fed is missing a crucial turning point in its fight against inflation because it believes in flawed data

The Fed can’t see the next potential economic meltdown because it’s still looking in the rear-view mirror, seeing nothing but High inflation. The risk arises because the CPI and PCE – the two most important measures of inflation – have a fatal flaw in the way they measure shelter costs. “ If you get your … Read more