Archive for August 2022

Inflation obviously involves spending challenges. Rising prices mean consumers might need to shop more carefully, pare back on purchases and still face higher bills for food, shelter, gasoline, appliances, vacations and other purchases. With U.S. inflation now running at an annual pace of 8.6%, a four-decade high, the topic has taken on more urgency. Most economists expect inflation – which…

 Rising inflation has led to a significant change in the way Americans are saving money, according to a recent Nerdwallet survey, as 7 in 10 consumers said they’re switching up their penny-pinching habits. The Bureau of Labor Statistics reported in June that inflation rose 8.6% over the last year. The survey also found consumers are keeping more money…