Stocks are falling and prices are going up. These tips can help you protect your money

Stocks are falling and prices are going up. These tips can help you protect your money

Anyone expecting inflation to have peaked by now got a rude surprise this week. The latest inflation report showed prices in May rose 8.6% from a year ago — the fastest rate in 40 years.Add to that declining stocks, climbing interest rates and global economic troubles caused by Russia’s invasion of Ukraine, and it’s understandable … Read more

‘This is a daunting time to retire’: In the age of inflation, there are steps you can take to deal with higher prices

‘This is a daunting time to retire’: In the age of inflation, there are steps you can take to deal with higher prices

For the last two decades, retiree Brad Hansen hasn’t worried too much about inflation and the loss of purchasing power. That’s because inflation averaged only 2.54% from 2000 to 2009 and just 1.75% from 2010 to 2019, far below the historical average of 3.10%, according to InflationData.com. Now with inflation rising to levels not seen … Read more

Small businesses in need of a loan find banks stingy

Small businesses in need of a loan find banks stingy

NEW YORK (AP) — Small businesses are still struggling with the pandemic and now high inflation — and they’re finding it difficult to get a loan to help them with day-to-day tasks. A survey recently released by the Federal Reserve shows how the pandemic has changed the financial landscape for small businesses. About 85% experienced … Read more

Inflation Causes Financial Anxiety and Threats to US Economy

Inflation Causes Financial Anxiety and Threats to US Economy

Two-thirds of Americans suffer from financial anxiety A survey conducted in early April by US News & World Report reveals that more than two-thirds of Americans experience financial anxiety. Nearly 32% of respondents say the cause of their financial anxiety is rising prices due to inflation. Nearly one in four say the main source of … Read more

Recent rise in inflation affects growing number of small businesses: survey

Recent rise in inflation affects growing number of small businesses: survey

As inflation worsens across the country, its impact on businesses and organizations also worsens. Without … [+] signs of losing momentum in the short term, the inflationary trend seems to be hitting small businesses particularly hard. A new survey from business-to-business payment provider Veems shows how badly they have been affected by the recent rise … Read more

Small businesses in need of a loan find banks greedy | Utah News

Small businesses in need of a loan find banks greedy |  Utah News

By MAE ANDERSON, AP Business Writer NEW YORK (AP) — Small businesses are still struggling with the pandemic and now high inflation — and they’re finding it difficult to get a loan to help them with day-to-day tasks. A survey recently released by the Federal Reserve shows how the pandemic has changed the financial landscape … Read more

Need a business loan? Inflation drives Main Street into more debt

Need a business loan?  Inflation drives Main Street into more debt

SAN FRANCISCO, CA – APRIL 28: Deanna Sison takes a break from preparing pre-ordered lunches to check on the status of her federal small business loan application at Little Skillet Restaurant in San Francisco, California on Tuesday, April 28, 2020. The Most of the Covid financial relief to small businesses has now ended, but the … Read more

How Inflation Can Affect Your Loan Interest Rates

How Inflation Can Affect Your Loan Interest Rates

Inflation is everywhere in the United States right now. The average price of a pound of ground beef increased 16.1% between February 2021 and February 2022, according to the US Bureau of Labor Statistics. Between the fourth quarter of 2021 and the fourth quarter of 2020, the median selling price of homes increased by 13.77%, … Read more

The Fed could become more aggressive in fighting inflation. How to prepare

The Fed could become more aggressive in fighting inflation.  How to prepare

For most Americans, the soaring cost of living is weighing heavily on their wallets. “Wage growth has failed to keep pace with the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy’s enemy number one,’” said Mark Hamrick, senior economic analyst at Bankrate.com. After the Fed raised interest rates … Read more